Abu Dhabi, UAE – 24 April 2023: Maqta Gateway, AD Ports Group’s (ADX: ADPORTS) digital arm, today announced the acquisition of TTEK Inc, a developer of border control solutions and customs systems, to reinforce its market position as a leading digital trade and holistic Single Window solution provider.
The total purchase consideration for the acquisition (Enterprise Value) of 100% ownership amounts to USD26.7 million with an upfront payment of USD17.1 million. The acquisition will extend Maqta Gateway’s existing digital trade solutions portfolio by incorporating border optimisation management solutions, which utilise disruptive technologies such as artificial intelligence, machine learning and advanced risk analytics.
TTEK Founder, Chris Thibedeau is one of 80 Global Advisors announced today from around the world for the upcoming ConnectNS 2016 Export Café. Here is a link to the media release and video.
The program, unveiled today at the annual Nova Scotia Export Achievement Awards, will offer Nova Scotia exporters exclusive access to Global Advisors...
