Basatne Acquires Cartlow to Transform Circular Economy in Middle East
Deal News | Mar 24, 2025 | Zawya
In a strategic acquisition, Basatne, a leader in sustainable trade and reverse logistics, has acquired Cartlow, a UAE-born pioneer in re-commerce and sustainable device management. This acquisition enhances Basatne's position in the Middle East's circular economy sector, utilizing Cartlow's proprietary technology to tackle the region's e-waste issues. Together, they aim to drive a technology-powered circular economy, forecasted to surpass $30 billion by 2028. The partnership is set to accelerate the transition to a sustainable economy, in line with the UAE's Net Zero by 2050 strategy and Saudi Vision 2030. Both companies, through their combined efforts, will push the boundaries of sustainable commerce, recirculation, and lifecycle management of devices, fostering a globally integrated ecosystem that reduces environmental impact.
Sectors
- Circular Economy
- Technology
- Sustainable Trade
Geography
- United Arab Emirates – The acquisition involves UAE-based Cartlow and aligns with the UAE’s sustainability goals.
- Middle East – Both companies are set to influence the circular economy landscape across the Middle East.
Industry
- Circular Economy – Both Basatne and Cartlow are engaging in the circular economy, focusing on extending product lifecycles and reducing e-waste.
- Technology – The adoption of technology in managing device life cycles and in creating AI-driven solutions is central to this acquisition.
- Sustainable Trade – Basatne is focused on sustainable trade solutions and reverse logistics, an industry heavily associated with commerce and environmental sustainability.
Financials
- Over AED 500 million – The value generated by Cartlow through its activities in re-commerce and sustainable commerce.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Basatne | Bidding Company | Company | A global leader in circular technology, sustainable trade solutions, and reverse logistics. |
| Cartlow | Target Company | Company | A pioneer in re-commerce and sustainable device management in the Middle East. |
| Ammar Aboulnasr | CEO of Basatne | Person | Founder and CEO of Basatne, emphasizing the development of a global circular ecosystem. |
| Mohammad Sleiman | CEO of Cartlow | Person | Founder and CEO of Cartlow, focusing on sustainable device management and re-commerce. |