UTS and SMRT International invest in 2getthere

Published: 04 Jul 2016

• Investment by global transport companies to help achieve Dubai’s 2030 goal of 25% driverless trips within the city

Dubai 3 July, 2016 – SMRT International Pte Ltd (SMRT International) and United Technical Services (UTS) today announced their investments in 2Getthere Holding B.V. (2getthere), a Netherlands-based company that designs and makes a family of Automated Vehicles (AV).

SMRT International is acquiring1 a 20% stake worth €4 million (AED 16.3 million) in 2getthere, while UTS is increasing its holding in 2getthere to 11% against the same valuation.

These investments are a strategic step that will deepen 2getthere’s technological capabilities as a leading market provider of AV systems. It will also enhance the delivery of current and new projects in the Middle East and Asia Pacific. Mr Carel van Helsdingen, CEO of 2getthere, said, “We are very proud to reach an agreement with two of our longstanding overseas partners. Investments by these industry leaders will support the realization of the projects currently under contract and our continuous development and integration of new technologies into our solutions.”

Dubai’s vision of driverless or automated transport will receive a boost through 2getthere Middle East, a joint venture between UTS and 2getthere. 2getthere Middle East and UTS Chief Operating Officer, Mr Ziad Al Askari said, “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. With this investment we can accelerate our contribution to Dubai’s 2030 goal to make 25% of all trips within the city driverless, as recently announced by Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum.”

Mr Goh Eng Kiat, Managing Director for SMRT International said, “We have been working with 2getthere since 2010. We have made this investment as we are confident in 2getthere’s technology and see growing demand for AVs in Asia. We look forward to working together to further expand operations into international markets through the provision of consultancy services and operational expertise with transportation networks.”


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