Dubai: AD Ports Group's digital entity Maqta Gateway is getting into the deal-making space, by acquiring TTEK Inc., a developer of border control solutions and customs systems. The move should 'reinforce' the former's market position as a 'leading digital trade and holistic single-window solution provider'.

The 100 per cent ownership in TTEK - headquartered in Barbados - comes to $26.7 million, with an upfront payment of $17.1 million. Maqta Gateway’s existing digital trade solutions portfolio will thus receive a boost through incorporating border optimisation management solutions, which utilise AI, machine learning and advanced risk analytics.

TTEK’s solutions use more than 1.5 million risk indicators and AI predictive modelling to establish more reliable border security controls.