{"id":88448,"date":"2024-01-29T00:00:00","date_gmt":"2024-01-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/plant-equipment-acquires-global-equipment-trading-in-dubais-jebel-ali-freezone\/"},"modified":"2024-01-29T00:00:00","modified_gmt":"2024-01-29T00:00:00","slug":"plant-equipment-acquires-global-equipment-trading-in-dubais-jebel-ali-freezone","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/01\/29\/plant-equipment-acquires-global-equipment-trading-in-dubais-jebel-ali-freezone\/","title":{"rendered":"Plant & Equipment acquires Global Equipment Trading in Dubai's Jebel Ali Freezone"},"content":{"rendered":"

Construction equipment marketplace Plant & Equipment is acquiring Global <\/strong>Equipment Trading in Dubai's Jebel Ali Freezone <\/strong>as it looks to expand in the GCC and MENA region, according to a press release<\/a>. The financial details of the transaction were not disclosed.<\/p>\n

The pitch:<\/strong> The company is looking to become a \u201cmultichannel\u201d business that allows customers to buy and sell heavy equipment both online and on-site, the press release said. Prospective buyers will now have the option to physically assess consigned machines at the Global Equipment Trading location in the freezone and bid for them on P&E\u2019s online auction platform. <\/p>\n

About P&E:<\/strong> PlantAndEquipment.com currently allows sellers the choice between auction and classified listings. P&E Auctions<\/a>, a subsidiary of Plant & Equipment, functions as an online auction platform, gathering consignments and marketing heavy equipment to buyers in the Gulf, Levant, Africa, and Asia. The company\u2019s live auctions showcase diverse heavy machinery in construction, logistics, agriculture, and mining. <\/p>\n

OTHER M&A NEWS- <\/p>\n

Gulf Investment House subsidiary buys minority stake in UAE real estate player:<\/strong> A subsidiary of Kuwait-based financial services company Gulf Investment House<\/a> bought a 7% stake (cc. 15.6 mn shares) in an unlisted UAE-based real estate company for AED 4.5 mn, increasing GIH\u2019s stake in the unnamed company to 25.4%, according to an ADX-bourse filing (pdf)<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

Prospective buyers will now have the option to physically assess consigned machines at the Global Equipment Trading location in Jebel Ali Free Zone<\/p>\n","protected":false},"author":1,"featured_media":88449,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2392],"tags":[324,7,25,756,60,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-construction","tag-enterpriseam-uae","tag-investment-watch","tag-jebel-ali-free-zone","tag-ma-watch","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"b3c85fac-2a2a-4fff-962f-4c14647f8724","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2364.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Plant & Equipment acquires Global Equipment Trading in Dubai's Jebel Ali Free Zone","related_issue":[88437],"teaser":"Prospective buyers will now have the option to physically assess consigned machines at the Global Equipment Trading location in Jebel Ali Free Zone","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.354543e8-fb4f-48f0-b183-f202cd94288d.mp3"},"yoast_head":"\nPlant & Equipment acquires Global Equipment Trading in Dubai's Jebel Ali Freezone - 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