IHC’s EasyLease acquires 60% stake in United Trans, expands interest in mobility sector

Image: WAM

Integrated mobility solutions provider and IHC subsidiary EasyLease has taken a major step forward in regional transportation by acquiring a 60 per cent stake in United Trans.

United Trans, a subsidiary of Alserkal Group of Companies, specialises in rail and technology-driven transportation solutions.

This strategic move enables Easylease to expand its offerings beyond the company’s existing integrated mobility solutions.

United Trans, established in 2008, boasts a strong presence in the railway and smart mobility sectors.

Ahmad Al Sadah, CEO of EasyLease said: “This acquisition marks a significant milestone for EasyLease. Together, we can provide innovative solutions that cater to the evolving needs of our customers. This partnership unlocks new possibilities for growth and paves the way for further advancements in the transportation industry.”

Raed Abu-Hijleh, managing director of United Trans, said: “By combining our expertise, we can deliver even greater value to our customers, particularly in the areas of railway and smart mobility.

“We are positioned to lead the way in the region’s upcoming mobility revolution, driving innovation and efficiency in the transportation sector.”

The company’s portfolio includes technology-enabled solutions for transportation across various modes including rail, aviation, and marine, along with security screening services.

Easylease to offer enahnced mobility solutions across the region

The acquisition is expected to create significant synergies between the two companies, with the aim to deliver a wider range of enhanced mobility solutions to customers across the GCC and MENA regions.

In other news, a  unit of IHC is interested in acquiring Zambia’s Lubambe Copper Mine, an asset that China’s JCHX Mining has already agreed to buy.

Read: UAE conglomerate IHC looking to invest in Zambian copper deal