- AntX Announces the Acquisition of Magnum Egypt to Enhance Technology Solutions and Strengthen Talent Development
- The Acquisition Supports the Creation of Integrated Technology and Education Entities Capable of Structured, Institutional Growth
AntX, a company specialising in the execution of research and development (R&D), has acquired Magnum Egypt, an education technology (EdTech) company.
The acquisition strengthens Magnum Egypt’s capabilities in developing technology-driven solutions and building technical talent.
Commenting on the acquisition, Eng. Ahmed Emad, Chief Executive Officer of AntX, said:
“We see Magnum as having a strong foundation and a clearly defined product. This acquisition represents a strategic move that enhances our ability to scale and build an integrated ecosystem combining research and development with talent development.”
For his part, Eng. Mohamed Rashed, Founder of Magnum Egypt, stated:
“This step represents a natural transition to a broader phase in Magnum’s journey, enabling us to expand our impact within a stronger and more sustainable framework.”
The acquisition reflects the growing maturity of the startup ecosystem in Upper Egypt and its ability to build technology and education-focused entities capable of integration and institutional, structured growth.
About AntX
AntX is an Egyptian technology company specialising in the design and implementation of electronic solutions, embedded systems, Internet of Things (IoT), and industrial automation, in collaboration with companies and institutions across multiple sectors.
The company’s operations extend from Upper Egypt to wider regional markets.
About Magnum Egypt
Magnum Egypt was founded as an EdTech startup specialising in teaching robotics programming and electronics to students through hands-on learning solutions and partnerships with schools and educational institutions.
The company aims to build early technical skills among students in Upper Egypt and across various governorates, preparing a new generation to meet future demands in technology and engineering.
