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AD Ports Group’s new acquisition
Photo: AD Ports Group
Maqta Gateway, the digital arm of AD Ports Group, has acquired TTEK. The developer of border control solutions and customs systems will help reinforce AD Ports Group’s market position as a major digital trade and holistic single window solution provider. The price of the transaction was USD 26.7 million.
Mohamed Juma Al Shamisi, managing director and group CEO, AD Ports Group: “The acquisition of TTEK will bring near-term and sustained synergistic benefits to AD Ports Group.”
TTEK will incorporate border optimisation management solutions and modernise services in Africa, Middle East, North America and Australia, which will enlarge the company’s business worldwide. (lh)