2PointZero, an investment platform and subsidiary of UAE-owned International Holding Company (IHC), announced the acquisition of a “significant amount” of shares in EHC Investment Company, a company active in the field of energy distribution in the Middle East.
Publish dateSaturday 15 February 2025 - 19:42
According to Amac News, 2PointZero described the acquisition as strategic in its announcement and said that the move strengthens the commitment of EPointZero – the energy division of the company – to advance decarbonization solutions and develop smart infrastructure in the UAE and beyond.
The acquisition is in line with 2PointZero’s vision to build a global and diversified portfolio focused on innovation, sustainability and value creation.
Maryam Al Muhairi, CEO of 2PointZero Group, said: “Bringing EHC into the EPointZero ecosystem is a step forward. Together, we will leverage AI-powered decarbonization solutions and advanced technologies to create sustainable ecosystems.”
The collaboration will include the deployment of advanced smart grid technologies, AI-powered analytics, and modern monitoring systems.
These innovations aim to reduce waste, optimize resource use, and provide smart energy solutions across the UAE.
“This collaboration represents a shared commitment to combining advanced technologies with sustainable practices,” said Mustafa Rashad, CEO of EHC Investment Company.
The acquisition is in line with 2PointZero’s vision to build a global and diversified portfolio focused on innovation, sustainability and value creation.
Maryam Al Muhairi, CEO of 2PointZero Group, said: “Bringing EHC into the EPointZero ecosystem is a step forward. Together, we will leverage AI-powered decarbonization solutions and advanced technologies to create sustainable ecosystems.”
The collaboration will include the deployment of advanced smart grid technologies, AI-powered analytics, and modern monitoring systems.
These innovations aim to reduce waste, optimize resource use, and provide smart energy solutions across the UAE.
“This collaboration represents a shared commitment to combining advanced technologies with sustainable practices,” said Mustafa Rashad, CEO of EHC Investment Company.
amacnews.com/vdca.anuk49naogt14.html
Source : news agency wam
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