8.3 C
Hamburg
Tuesday, June 3, 2025
Home News Maqta Gateway confirms takeover of TTEK

Maqta Gateway confirms takeover of TTEK

Maqta Gateway, the digital arm of AD Ports Group, announced the purchase of TTEK Inc., a developer of border control solutions and customs systems, to strengthen its market position as a digital trade and comprehensive Single Window solution provider.

The cost for the acquisition of a 100% stake in TTEK is US$26.7 million, including an upfront payment of US$17.1 million.

The purchase is expected to broaden Maqta Gateway’s existing digital trade solutions offering by adding border optimisation management solutions that leverage innovative technologies like artificial intelligence, machine learning, and sophisticated risk analytics.

“The acquisition of TTEK Inc. will bring near-term and sustained synergistic benefits to AD Ports Group, including fast time-to-market delivery and significant sector expertise,” stated Mohamed Juma Al Shamisi, managing director and Group CEO at AD Ports Group.

Maqta Gateway intends to use TTEK’s R&D hub in Vietnam, as well as its extensive expertise in customs and border modernisation solutions across Africa, the Middle East, North America, and Australia, to strengthen and expand its service offering on the unified Single Window solution internationally, with enhanced security, tracking, and regulatory enforcement.





Latest Posts

Berg Propulsion powers MPCC feeder vessels with bio-methanol optimization

NCL Nordland, the second of two advanced 1,300 TEU feeder vessels designed to pioneer bio-methanol usage in container shipping, has officially entered service. Sister vessel...

Mitsubishi Gas Chemical and MOL take delivery of Japan’s first dual-fuel methanol carrier

Mitsubishi Gas Chemical Company (MGC) announced the successful delivery of a state-of-the-art dual-fuel methanol carrier, chartered from Mitsui O.S.K. Lines (MOL), on a long-term...

Atlantic Forwarding, Atlantic Gate unite under one brand

Atlantic Forwarding and Atlantic Gate unite under one global brand: Atlantic Gate. This rebranding brings together the two entities under one brand. “This rebranding is...

Nuclear-powered vessels gain momentum amid climate push

As the shipping industry seeks radical solutions to meet climate goals and stabilize fuel costs, nuclear propulsion has re-emerged as a transformative force and...

Ukrainian ports face new risks after drone strikes on Russia

On June 1, 2025, Ukraine launched a large-scale, simultaneous drone strike campaign targeting multiple Russian air bases deep inside enemy territory. This marks a significant...
error: Content is protected !!