Emirates Driving Announces Intent to Acquire a Majority Stake in Performise Labs | premargin
Emirates Driving Announces Intent to Acquire a Majority Stake in Performise Labs
·ADX·General Disclosure | General Press Release·February 20, 2026·View on exchange
AI Summary
Emirates Driving (DRIVE) has announced its intent to acquire a 51% majority stake in Performise Labs, a UAE-based artificial intelligence solutions company.
The acquisition aims to integrate AI-powered technologies, such as the Intelligent Virtual Examiner (IVE), to automate driver testing, training, and vehicle inspection processes.
The move supports the company's strategic transition into "Emirates Mobility," an integrated portfolio that includes entities such as Excellence Premier Investment Group, Mwasalat Holding, and ChargePoint.
The completion of the transaction is subject to final regulatory approvals and customary closing conditions.
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