• Maqta Gateway, the digital arm of AD Ports Group, has acquired a 60% equity stake in Dubai Technologies for 28 million dirhams ($7.6 million), expanding its investment portfolio in trade and transportation solutions.
• The acquisition includes deferred and performance-linked earnout payments, as disclosed by AD Ports Group, enhancing the deal’s financial structure.
• Despite the acquisition, Dubai Technologies will maintain a 40% stake.
Maqta Gateway, the digital arm of AD Ports Group backed by the Abu Dhabi wealth fund ADQ, announced it acquired a 60% equity stake in Dubai Technologies, a developer of trade and transportation solutions, for 28 million dirhams ($7.6 million), according to media reports.
The total purchase consideration includes deferred and performance-linked earnout payments, as disclosed by the Abu Dhabi Stock Exchange-listed AD Ports Group.
Despite the acquisition, Dubai Technologies will retain a 40% stake, and its existing leadership team will remain in management.
This strategic move is poised to enhance Maqta Gateway’s port digitalization offerings and complement its in-house single-window solution.
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