Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
U-blox has transferred its cellular IoT module business to Trasna, enabling Trasna to enhance its IoT connectivity solutions. The deal includes intellectual property, workforce, and product portfolio, positioning Trasna as a comprehensive IoT solutions provider. This strategic move allows u-blox to focus on its core GNSS business.
e& PPF Telecom has acquired SBB’s operations in Serbia for €825 million, focusing on cable TV and broadband services. The acquisition strengthens e&’s European expansion strategy, adding to its Yettel brand. Meanwhile, United Group retains its media assets and refocuses on EU markets for growth.
LOGIC has acquired a majority stake in NEXEL, enhancing its digital and AI-driven consulting capabilities. This acquisition will strengthen LOGIC’s position in key markets like the UAE and Saudi Arabia, combining NEXEL’s expertise in digital strategy with LOGIC’s regional reach to offer transformative solutions for businesses.
Stellantis has acquired the remaining 49% stake in Sopriam, fully consolidating its operations in Morocco. This move integrates multiple car brands under Stellantis Maroc, aiming to enhance customer experience and strengthen synergies. The acquisition aligns with Stellantis’ 2030 strategy to lead the Middle East and Africa markets with a 22% share.
Devsinc, a Pakistani IT company, acquires Alchemative Group, a leader in ecommerce and digital retail solutions, to capitalize on the growing regional market.
Capestone, a division of OptConnect, has acquired Next Era, a French distributor specializing in 4G/5G and critical communications, expanding its presence in the EMEA region. This acquisition enhances Capestone’s IoT and 5G solutions, providing access to new growth opportunities in the fast-evolving 5G and IoT marketplace.
Beyon’s telecommunications subsidiary, Sure, has completed its acquisition of Airtel Vodafone, aligning with its strategy to expand international investments. The move includes a £48 million investment in a new 5G mobile network, enhancing connectivity and digital standards for Channel Islanders while promising improved services and faster speeds.
The acquisition aims to strengthen MDS SI’s AI capabilities and accelerate digital transformation for clients.
Nana has acquired the “Rasseed” application, enhancing its digital shopping solutions in Saudi Arabia. This acquisition allows Nana to simplify the purchase of gift cards and expand its services, including a new “digital cards” category within the Nana app. The move aims to improve customer experience and market presence.
Wasoko and MaxAB have completed Africa’s largest tech merger, creating a Pan-African platform serving 65 million consumers. The merger expands fintech services, intra-Africa trade, and private label products across five countries, positioning the company as a leader in Africa’s evolving tech ecosystem.