Cartlow Acquired by Basatne: Expanding Global Reach in Electronics Re-commerce

Deal News | Mar 28, 2025 | Aim Group

Dubai-based Cartlow, an electronics re-commerce firm, has been acquired by Basatne, a U.S.-based company, for an undisclosed amount. Cartlow, founded in 2019, provides a variety of pre-used electronics and has sold over 1 million devices, producing revenues exceeding AED500 million ($136 million U.S.). Basatne, established in 2009, operates within the UAE, U.S., and Canada across several sectors, including electronics and retail. The acquisition aims to create a closed-loop ecosystem, integrating Cartlow's offerings with Basatne's pioneering refurbishing facility, Ardroid, which utilizes AI and robotics for data wiping and diagnostics. Mohammed Sleiman, CEO of Cartlow, believes this will enhance the company's technological outreach and promote sustainable practices globally.

Sectors

  • Electronics Re-commerce
  • Technology and Innovation

Geography

  • United Arab Emirates – Cartlow is based in Dubai, UAE, and Basatne operates within the UAE among other markets.
  • United States – Basatne, the acquiring company, is U.S.-based, indicating a significant geographic connection.
  • Canada – Basatne also operates in Canada, indicating the company's North American presence.

Industry

  • Electronics Re-commerce – The acquisition involves Cartlow, a company specializing in the resale of pre-used electronics.
  • Technology and Innovation – Basatne's integration of AI and robotics-driven solutions highlights the technology and innovation aspect of the industry.

Financials

  • Undisclosed – The acquisition amount for Cartlow by Basatne.
  • AED500 million ($136 million U.S.) – Revenue generated by Cartlow from selling over a million electronic devices.

Participants

NameRoleTypeDescription
CartlowTarget companyCompanyA Dubai-based electronics re-commerce platform offering pre-used electronics.
BasatneBidding companyCompanyA U.S.-based company with operations in electronics, retail, and several other markets.
Ammar AboulsnasrCEOPersonFounder and CEO of Basatne.
Mohammed SleimanCEOPersonFounder and CEO of Cartlow.