UAE-based online classifieds platform Dubizzle Group has acquired Drive Arabia, a UAE-based automotive focused media and reviews platform, in an undisclosed deal value.
Founded in 2005 by J.C. Butler and Sim Whatley, Dubizzle is an online platform that enables individuals to sell, buy, or find products in their cities, while Drive Arabia is an automotive consumer portal that focuses on the GCC region.
Haider Ali Khan, CEO at Dubizzle Group MENA said, “This acquisition aligns with our strategic vision to provide our users with an unparalleled experience in the automotive space. Drive Arabia’s strong brand recognition and reach will further strengthen our existing portfolio and enable us to deliver even greater value to our customers while strengthening our leadership position in the automotive space.
With this acquisition, Dubizzle Group aims to consolidate its automotive advertising offerings, introduce new products, and expand its reach to better serve its customers.
With over two decades of a strong brand presence in the region, particularly in the UAE and Saudi Arabia, Drive Arabia brings extensive expertise and a devoted customer following in the automotive sector to Dubizzle Group. With this acquisition.
Ali Khan adde , “this is just the beginning and we are keeping a very keen eye on any other M&A opportunities that further help us expand our offerings in the verticals we operate in. Our immediate plans for Drive Arabia include a significant investment in the platform to enhance its core value proposition as a transparent tool for car prices, specifications, and other relevant details to help us become the go-to platform for new car launches in the region.”