EasyLease expands into railways, smart mobility with 60% acquisition of United Trans

EasyLease expands into railways

EasyLease, a leading provider of integrated mobility solutions and a subsidiary of the International Holding Company (IHC), has acquired a 60% stake in United Trans, a rail and transportation technology solutions provider and a subsidiary of Alserkal Group of Companies.

The strategic move marks a major step forward in EasyLease's commitment to expand its capabilities and presence across the regional mobility sector.

Established in 2008, United Trans has been at the forefront of transforming the regional transport spectrum through its technology-enabled mobility solutions in transportation, including rail, smart mobility, aviation and marine, as well as its security screening solutions. The company collaborates with major global organisations across all modes of transport and has a strong presence in the railway and smart mobility sectors.

Through the acquisition of a majority stake in United Trans by EasyLease it seeks to establish synergies between both entities as well as build combined expertise to deliver enhanced mobility solutions to customers across the GCC and the broader MENA region.

Ahmad Al Sadah, CEO of EasyLease, said, "This strategic move marks a significant milestone in our journey to redefine mobility solutions and to shape the future of transportation across the GCC and the broader MENA region. Through our combined capabilities, we can deliver enhanced mobility transportation and rail solutions that meet the evolving needs of our customers, and as we look ahead, we are in a strong position to unlock and capitalise on new possibilities. At its core, this partnership has set the stage for further strategic growth opportunities, paving the way for expansion and innovation in the transportation industry."

Raed Abu-Hijleh, Managing Director of United Trans, said, "This strategic partnership with EasyLease marks an exciting chapter for United Trans. By combining our expertise with EasyLease's integrated mobility solutions, we are poised to deliver even greater value to our customers across the region, particularly in railway and smart mobility. With the region on the cusp of a mobility revolution, we stand ready to lead the charge into a future teeming with opportunity and transformation. Together, we aim to drive innovation and efficiency in the transportation sector, ultimately shaping the future of mobility in the GCC and MENA."