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Abu Dhabi ADX-listed fleet operator Easy Lease Motorcycle Rental PJSC has acquired a 60% stake in United Trans, a mobility solutions provider and a subsidiary of Alserkal Group of Companies.
The acquisition opens "new avenues for growth domestically and internationally," Easy Lease said in a disclosure on Wednesday.
It did not disclose the value of the transaction.
Easy Lease is a subsidiary of UAE conglomerate International Holding Company (IHC). Late last year, it acquired a 60% stake in Ripe, which offers a range of services, including container and commercial kiosk rentals, food trucks. Prior to that it acquired a 60% stake in UAE-based Fully Charged, a provider of electric vehicle (EV) charging solutions.
(Writing by Brinda Darasha; editing by Daniel Luiz)
