The Emirates Driving Company, a subsidiary of the Multiplex Group, has announced its intention to acquire a 22.5% stake in TransAD Holding, with the option to increase its ownership to 50.6%, pending the fulfillment of certain regulatory conditions and approvals.
This acquisition is expected to create significant opportunities for operational synergy, paving the way for higher profitability and enhanced long-term value.
Khaled Al-Shamili, the CEO of Emirates Driving Company, stated that our investment in TransAD Holding reflects our ongoing commitment to shaping the future of the transportation sector.
Founded in Abu Dhabi, TransAD Holding reported revenues exceeding AED 650 million for the 2024 fiscal year.
The company operates a diverse fleet that includes public buses, taxis, school transport services, and vehicles dedicated to corporate clients.