IBF & Company has completed the acquisition of a 50% equity stake in Diatom CBT, a cross-border technology company operating in the UAE and Egypt. The move aims to strengthen its portfolio of technology-driven ventures and expand its footprint in global e-commerce. This transaction marks a significant milestone in the firm's strategy to invest in digital platforms addressing real-world trade challenges.
IBF & Company has completed the acquisition of a 50% equity stake in Diatom CBT, a cross-border technology company operating in the UAE and Egypt. This move is part of the firm's strategy to bolster its portfolio of technology-driven ventures, with Diatom now joining assets like Kouncel.com, a leading legal edtech platform in the region.
Diatom was established to simplify international trade, offering a full end-to-end platform that manages the entire export lifecycle. It holds a first-mover advantage as the region's only full-stack direct-to-consumer export solution, allowing manufacturers to access global marketplaces seamlessly. The platform connects offline infrastructure with online channels, aiming to disrupt traditional export models by providing a single gateway for scaling globally without logistical or storage limitations.
Tarek Abdelrahim, CEO of Diatom, commented: "The partnership represents a major milestone for the company and will support its expansion plans, strengthen its logistics capabilities, and enable thousands of regional manufacturers to reach global markets."
Alexandre Boules, CEO of IBF & Company, added: "The investment reflects strong confidence in Diatom’s innovative business model, emphasising the platform’s potential to transform how SMEs approach international growth and unlock new global demand for regional products."
The acquisition aligns with IBF & Company's broader vision of promoting cross-border commerce and knowledge creation, while contributing to economic growth for small and medium-sized enterprises across the region. Together, IBF & Company and Diatom CBT aim to lead the next phase of cross-border e-commerce expansion, targeting key markets in the Middle East, Europe, and the United States.