Beyon Unit Close to Finalizing Acquisition of Link Development
Beyon Solutions Moves to Acquire Stake in Link Development, Fueling Regional Digital Transformation
Gateway Gulf Investor Forum 2024, Bahrain – In a significant development for the digital landscape of the Middle East, Beyon Solutions, a subsidiary of the Beyon Group, has announced that it is on the verge of finalizing a deal to acquire a controlling stake in Link Development. This esteemed company stands as a leader in providing innovative software solutions aimed at facilitating digital transformation across the region, with a robust operational presence in Egypt, Saudi Arabia, and the United Arab Emirates.
The announcement was made during the recent Gateway Gulf Investor Forum held on November 4, 2024, where Beyon Solutions, alongside Link Development, revealed that they have obtained all requisite regulatory approvals. The acquisition is now set to move forward, pending the completion of standard administrative conditions and formalities that remain within the purview of the involved parties.
Shaikh Mohamed bin Khalifa Al Khalifa, CEO of Beyon Digital Growth, expressed optimism regarding the transaction, emphasizing a forward-thinking commitment to bolstering digital transformation efforts across the region. “We have been focused on implementing all the necessary requirements and are looking forward to concluding our acquisition of Link Development. This transaction aligns seamlessly with our strategic goal of enhancing digital capabilities in the region,” he stated.
This acquisition comes at a time when digital innovation is crucial for organizational success and public service efficiency. As businesses and governments navigate an increasingly complex technological landscape, the partnership between Beyon Solutions and Link Development is poised to accelerate the development of essential digital infrastructures.
The event served as a crucial platform for stakeholders to discuss the nuances of the transaction and solidify plans for its completion. Shaikh Mohamed elaborated on the synergistic benefits of the acquisition, noting, “Link Development’s extensive experience and established operations, combined with our Group’s deep expertise in digital acceleration, position us to improve our regional footprint significantly. Our shared vision will foster a formidable hub for digital transformation services.”
Nicholas Toon, CEO of Beyon Solutions, highlighted the cooperative effort that has characterized the acquisition process. “Since we announced our intention to acquire Link Development in May, both Beyon Solutions and Link Development have dedicated substantial efforts to meet the regulatory requirements imposed by authorities in Saudi Arabia, the UAE, and Egypt,” he remarked. The progress made thus far is significant, as both companies are well-positioned for the next steps in creating an innovative solution integrator focused on advanced technology solutions.
Link Development’s CEO, Hesham El Beih, expressed enthusiasm over the transaction’s trajectory, recognizing the potential it holds for enhancing the organization’s capacity to serve its clientele. “I am thrilled with the progress made and excited about the opportunities this presents for our customers,” he stated. The closing of this transaction will empower Link Development to expand its offerings, thereby ensuring responsiveness to the fast-evolving needs of its customer base.
As Beyon Solutions gears up to integrate Link Development into its portfolio, it anticipates accelerating the rollout of pioneering products and services that will drive transformative changes in various sectors. Beyon’s digital entities, soon to encompass Link Development, are set to pursue expansion into new geographical markets, driven by a vision of delivering superior solutions in cloud technology, cybersecurity infrastructure, application development, and comprehensive consultancy services.
In conclusion, the impending acquisition of Link Development by Beyon Solutions represents a strategic move to enhance the digital capabilities of the Middle East and North Africa (MENA) region. As companies increasingly seek to harness the power of technology to drive growth and improve public services, this venture underscores the potential for regional collaboration and innovation.
With this acquisition, Beyon Solutions is not only solidifying its position as a leader in digital transformation services but also paving the way for a more interconnected and digitally empowered future for businesses and governments across the region.
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