{"id":91686,"date":"2024-05-06T00:00:00","date_gmt":"2024-05-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/"},"modified":"2024-05-06T00:00:00","modified_gmt":"2024-05-06T00:00:00","slug":"dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/","title":{"rendered":"Dubizzle acquires automotive news platform Drive Arabia + EGA completes Leichtmetall acquisition"},"content":{"rendered":"

Dubai-based platform Dubizzle Group has acquired automotive media and reviews <\/strong>platform <\/strong>Drive Arabia<\/a><\/strong>, according to a press release<\/a>. The company plans to make a \u201csignificant investment\u201d in the platform to \u201cenhance its core value proposition as a transparent tool for car prices, specifications, and other relevant details to help us become the go-to platform for new car launches in the region,\u201d Dubizzle CEO Haider Ali Khan said. No details were given about the terms or value of the transaction.<\/p>\n

What\u2019s in it for Dubizzle:<\/strong> Dubizzle Group plans to expand its automotive advertising offerings and reach, as well as introduce new products, according to the statement. <\/p>\n

Plans for future acquisitions: <\/strong>\u201cThis is just the beginning and we are keeping a very keen eye on any other M&A [possibilities] that further help us expand our offerings in the verticals we operate in,\u201d Khan said.<\/p>\n

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

EGA now owns Leichtmetall:<\/strong> Emirates Global Aluminium (EGA) has closed its acquisition of 100% of German aluminum recycling company Leichtmetall Aluminum Giesserei<\/a> from Leichtmetall Holding, according to a company statement<\/a>. EGA finalized the transaction after receiving regulatory approval, the company said without providing details on the value of the purchase. <\/p>\n

Background: <\/strong>The company revealed the transaction last month<\/a>, marking its first major acquisition since it was formed through the merger<\/a> of Dubai Aluminum and Emirates Aluminum.<\/p>\n

The acquisition will bolster EGA\u2019s renewable production capacity: <\/strong>Leichtmetall\u2019s facilities operate with an annual production capacity of 30k tons of billets using renewable energy, with 80% of the input material being secondary aluminum. The new capacity will be added to 600k tons of primary aluminum EGA exports to Europe annually, bringing the company closer to European customers, as the EU inches closer to introducing its tax on carbon-intensive imports in 2026<\/a>. Recycled aluminum is set to account for around 60% of global aluminum demand by 2030 and 70% by 2040, to reach 57 mn tons, EGA noted in its statement.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dubizzle wants to expand its automotive ad offerings and services<\/p>\n","protected":false},"author":1,"featured_media":91687,"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":[895,1201,871,7,60],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-automotive","tag-dubizzle","tag-emirates-global-aluminium","tag-enterpriseam-uae","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"405d2695-3a2f-459f-ad36-c9b0c76777f3","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1979.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Dubizzle acquires automotive news platform Drive Arabia","related_issue":[91675],"teaser":"Dubizzle wants to expand its automotive ad offerings and services","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.3edc537b-7413-4f66-94dc-e741792b664d.mp3"},"yoast_head":"\nDubizzle acquires automotive news platform Drive Arabia + EGA completes Leichtmetall acquisition - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dubizzle acquires automotive news platform Drive Arabia + EGA completes Leichtmetall acquisition\" \/>\n<meta property=\"og:description\" content=\"Dubizzle wants to expand its automotive ad offerings and services\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-06T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Dubizzle acquires automotive news platform Drive Arabia + EGA completes Leichtmetall acquisition\",\"datePublished\":\"2024-05-06T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/\"},\"wordCount\":331,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?fit=%2C&ssl=1\",\"keywords\":[\"automotive\",\"Dubizzle\",\"Emirates Global Aluminium\",\"EnterpriseAM UAE\",\"M&A WATCH\"],\"articleSection\":[\"M&A WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/\",\"name\":\"Dubizzle acquires automotive news platform Drive Arabia + EGA completes Leichtmetall acquisition - UAE\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-05-06T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/uae\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Dubizzle acquires automotive news platform Drive Arabia + EGA completes Leichtmetall acquisition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#website\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"name\":\"UAE\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\",\"name\":\"UAE\",\"url\":\"https:\/\/enterpriseam.com\/uae\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42998.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42998.svg\",\"caption\":\"UAE\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Dubizzle acquires automotive news platform Drive Arabia + EGA completes Leichtmetall acquisition - UAE","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/","og_locale":"en_US","og_type":"article","og_title":"Dubizzle acquires automotive news platform Drive Arabia + EGA completes Leichtmetall acquisition","og_description":"Dubizzle wants to expand its automotive ad offerings and services","og_url":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/","og_site_name":"UAE","article_published_time":"2024-05-06T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Dubizzle acquires automotive news platform Drive Arabia + EGA completes Leichtmetall acquisition","datePublished":"2024-05-06T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/"},"wordCount":331,"publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?fit=%2C&ssl=1","keywords":["automotive","Dubizzle","Emirates Global Aluminium","EnterpriseAM UAE","M&A WATCH"],"articleSection":["M&A WATCH"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/","url":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/","name":"Dubizzle acquires automotive news platform Drive Arabia + EGA completes Leichtmetall acquisition - UAE","isPartOf":{"@id":"https:\/\/enterpriseam.com\/uae\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?fit=%2C&ssl=1","datePublished":"2024-05-06T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/uae\/2024\/05\/06\/dubizzle-acquires-automotive-news-platform-drive-arabia-ega-completes-leichtmetall-acquisition\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/uae\/"},{"@type":"ListItem","position":2,"name":"Dubizzle acquires automotive news platform Drive Arabia + EGA completes Leichtmetall acquisition"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/uae\/#website","url":"https:\/\/enterpriseam.com\/uae\/","name":"UAE","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/uae\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/uae\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/uae\/#organization","name":"UAE","url":"https:\/\/enterpriseam.com\/uae\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42998.svg","contentUrl":"https:\/\/ent.news\/internal\/42998.svg","caption":"UAE"},"image":{"@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/uae\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1979.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/91686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/comments?post=91686"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/posts\/91686\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/issue\/91675"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media\/91687"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/media?parent=91686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/categories?post=91686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/tags?post=91686"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/brand?post=91686"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/uae\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=91686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}