Abu Dhabi, UAE – 24 April 2023: Maqta Gateway, AD Ports Group’s (ADX: ADPORTS) digital arm, today announced the acquisition of TTEK Inc, a developer of border control solutions and customs systems, to reinforce its market position as a leading digital trade and holistic Single Window solution provider.
The total purchase consideration for the acquisition (Enterprise Value) of 100% ownership amounts to USD26.7 million with an upfront payment of USD17.1 million. The acquisition will extend Maqta Gateway’s existing digital trade solutions portfolio by incorporating border optimisation management solutions, which utilise disruptive technologies such as artificial intelligence, machine learning and advanced risk analytics.
Over the last three years, the innovative and disruptive start-up TTEK has built and delivered next-generation technologies for Customs and border management. Utilizing modern risk management principles, TTEK’s analytical solutions have established a unique ability to identify potential threats and flag highrisk people, goods, and conveyances for closer scrutiny or inspection; all the while simultaneously promoting the movement of pre-approved and/or low-risk trade…
TTEK formally awarded a 2 Million (USD) contract to develop and implement a leading edge Customs System with DUTECH on behalf of Customs World.
TTEK formally awarded a 2 Million (USD) contract to develop and implement an integrated Risk Management System for the Single Electronic Window in Trinidad and Tobago…
We are pleased to be recognized as one of CIO Review Magazine's 20 Most Promising Risk Management Providers 2017. Click here to go directly to the article.
EXCERPT: Enterprise Risk Management is taking the center stage in how companies run their business. Advancements in cognitive technologies, artificial intelligence and data analytics are helping organizations go beyond traditional ways of managing risks by using smart machines to detect, predict and prevent risks. Today, since the entire nature of the risk discipline and their consequences are evolving, organizations should look beyond regulation and cost-reduction and view risk management as a strategic element of their value chain. Please read on or download a PDF copy of the CIO Review article, or read the full magazine online here.
TTEK Founder, Chris Thibedeau is one of 80 Global Advisors announced today from around the world for the upcoming ConnectNS 2016 Export Café. Here is a link to the media release and video.
The program, unveiled today at the annual Nova Scotia Export Achievement Awards, will offer Nova Scotia exporters exclusive access to Global Advisors...
