Singapore-based SMRT International is to acquire a 20 per cent state worth US$4.4 million (€4 million) in Dutch automated vehicle (AV) manufacturer 2Getthere Holding (2Getthere). Abu Dhabi technology company United Technical Services (UTS) is increasing its holding in 2getthere to 11 per cent.
The companies say these investments are a strategic step that aims to increase 2getthere’s technological capabilities as a provider of AV systems. It will also enhance the delivery of current and new projects in th
Singapore-based SMRT International is to acquire a 20 per cent state worth US$4.4 million (€4 million) in Dutch automated vehicle (AV) manufacturer 8172 2Getthere Holding (2Getthere). Abu Dhabi technology company United Technical Services (UTS) is increasing its holding in 2getthere to 11 per cent.
The companies say these investments are a strategic step that aims to increase 2getthere’s technological capabilities as a provider of AV systems. It will also enhance the delivery of current and new projects in the Middle East and Asia Pacific.
Carel van Helsdingen, CEO of 2getthere, said the investment and involvement of SMRT and UTS in 2getthere strengthens its ability to deliver complete and completely automated, systems.
SMRT International, which has been working with 2Getthere since 2010, sees a growing demand for AVs in Asia and looks to further expand operations into international markets through the provision of consultancy services and operational expertise with transportation networks. 2getthere Middle East and UTS believe 2getthere’s solution is aligned with the push for greater autonomous transport within the Middle East in general, and specifically in the United Arab Emirates.
The companies say these investments are a strategic step that aims to increase 2getthere’s technological capabilities as a provider of AV systems. It will also enhance the delivery of current and new projects in the Middle East and Asia Pacific.
Carel van Helsdingen, CEO of 2getthere, said the investment and involvement of SMRT and UTS in 2getthere strengthens its ability to deliver complete and completely automated, systems.
SMRT International, which has been working with 2Getthere since 2010, sees a growing demand for AVs in Asia and looks to further expand operations into international markets through the provision of consultancy services and operational expertise with transportation networks. 2getthere Middle East and UTS believe 2getthere’s solution is aligned with the push for greater autonomous transport within the Middle East in general, and specifically in the United Arab Emirates.
