EasyLease (ADX: EASY LEASE), a leading UAE mobility solutions company and a subsidiary of International Holding Company (IHC), has announced that it has acquired a 51% stake in Gallega Global Logistics, a logistics service provider and a subsidiary of Ghassan Aboud Group has obtained.
Publish dateWednesday 23 October 2024 - 13:01
According to Amac News: EasyLease's announcement states that this strategic purchase marks EasyLease's entry into the logistics sector of the United Arab Emirates and includes 3.5 million square feet of Gallega's modern logistics infrastructure in Abu Dhabi and facilities in Dubai.
This will enable EasyLease to integrate its technology-based mobility solutions with Gallega's extensive infrastructure to create a fully integrated mobility and logistics ecosystem, according to the announcement.
Gallega Global Logistics specializes in integrated supply chain services in the automotive, industrial, FMCG, healthcare and retail sectors and serves more than 100 countries worldwide. In 2023, the volume of vehicles handled exceeded 130,000 units.
The acquisition of EasyLease brings new opportunities to integrate technology, such as artificial intelligence systems and the Internet of Things, to increase efficiency and create innovative, scalable and sustainable logistics solutions. In addition, both companies plan to invest in advanced mobility and artificial intelligence technologies.
This will enable EasyLease to integrate its technology-based mobility solutions with Gallega's extensive infrastructure to create a fully integrated mobility and logistics ecosystem, according to the announcement.
Gallega Global Logistics specializes in integrated supply chain services in the automotive, industrial, FMCG, healthcare and retail sectors and serves more than 100 countries worldwide. In 2023, the volume of vehicles handled exceeded 130,000 units.
The acquisition of EasyLease brings new opportunities to integrate technology, such as artificial intelligence systems and the Internet of Things, to increase efficiency and create innovative, scalable and sustainable logistics solutions. In addition, both companies plan to invest in advanced mobility and artificial intelligence technologies.
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Source : news agency wam
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