UAE-based online classifieds platform Dubizzle Group has actually obtained Drive Arabiaa UAE-based vehicle focused media and evaluations platform, in a concealed offer worth.
Established in 2005 by J.C. Butler and Sim Whatley, Dubizzle is an online platform that allows people to offer, purchase, or discover items in their cities, while Drive Arabia is an automobile customer website that concentrates on the GCC area.
Haider Ali Khan, CEO at Dubizzle Group MENA stated, “This acquisition lines up with our tactical vision to supply our users with an exceptional experience in the vehicle area. Drive Arabia’s strong brand name acknowledgment and reach will even more enhance our existing portfolio and allow us to provide even higher worth to our consumers while reinforcing our management position in the vehicle area.
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With this acquisition, Dubizzle Group intends to combine its vehicle marketing offerings, present brand-new items, and broaden its reach to much better serve its consumers.
With over 20 years of a strong brand name existence in the area, especially in the UAE and Saudi Arabia, Drive Arabia brings substantial know-how and a dedicated consumer following in the automobile sector to Dubizzle Group. With this acquisition.
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Ali Khan adde, “this is simply the start and we are keeping an extremely eager eye on any other M&A chances that even more assist us broaden our offerings in the verticals we run in. Our instant prepare for Drive Arabia consist of a considerable financial investment in the platform to boost its core worth proposal as a transparent tool for vehicle rates, requirements, and other appropriate information to assist us end up being the go-to platform for brand-new vehicle launches in the area.”
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