EasyLease, a leading provider of integrated mobility solutions and a subsidiary of the International Holding Company (IHC), has acquired a 60 percent stake in United Trans, a rail and transportation technology solutions provider and a subsidiary of Alserkal Group of Companies.
The strategic move marks a major step forward in EasyLease’s commitment to expand its capabilities and presence across the regional mobility sector.
Through the acquisition of a majority stake in United Trans by EasyLease, it seeks to establish synergies between both entities as well as build combined expertise to deliver enhanced mobility solutions to customers across the GCC and the broader MENA region.
Ahmad Al Sadah, CEO of EasyLease, said that, “This strategic move marks a significant milestone in our journey to redefine mobility solutions and to shape the future of transportation across the GCC and the broader MENA region. Through our combined capabilities, we can deliver enhanced mobility transportation and rail solutions that meet the evolving needs of our customers, and as we look ahead, we are in a strong position to unlock and capitalize on new possibilities. At its core, this partnership has set the stage for further strategic growth opportunities, paving the way for expansion and innovation in the transportation industry.”
Raed Abu-Hijleh, Managing Director of United Trans, stated that, “This strategic partnership with EasyLease marks an exciting chapter for United Trans. By combining our expertise with EasyLease’s integrated mobility solutions, we are poised to deliver even greater value to our customers across the region, particularly in railway and smart mobility.”
“With the region on the cusp of a mobility revolution, we stand ready to lead the charge into a future teeming with opportunity and transformation. Together, we aim to drive innovation and efficiency in the transportation sector, ultimately shaping the future of mobility in the GCC and MENA,” Abu-Hijleh further added.
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