UAE - Mubasher: EasyLease Motorcycle Rental, a subsidiary of Abu Dhabi-based International Holdings Company (IHC), has acquired a 70% stake in 1885 Delivery Services, providing delivery services across the UAE.

1885 Delivery Services plans to form a hybrid model of 3PL and direct rider management offering services to food tech and aggregators, according to a press release on Tuesday.

The transaction is EasyLease's second acquisition which has been completed in less than 12 months following the previous year's investment in Dubai-based Uplift Delivery Services.

The CEO of EasyLease, Ahmed Al Sadah, said: "As our investments are future-focused, efficient, scalable, we are confident this move will help on scaling up EasyLease business by giving us further reach through our products and services with our growing customer base."