EasyLease, a subsidiary of the International Holding Company (IHC), has acquired a 60% 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.
“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,” said Ahmad Al Sadah, CEO of EasyLease.
“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 capitalise on new possibilities.”
Raed Abu-Hijleh, Managing Director of United Trans, added, “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.”
