AntX, a company that focuses on research and development (R&D) services, has acquired Magnum Egypt, an education technology (EdTech) company.
This acquisition is a strategic move that shows the fast growth of the startup and entrepreneurship ecosystem in Upper Egypt. It aims to combine advanced technology development with talent building, helping support innovation and skill development in the region.
AntX, a company that focuses on research and development (R&D) services, has acquired Magnum Egypt, an education technology (EdTech) company.
This acquisition is a strategic move that shows the fast growth of the startup and entrepreneurship ecosystem in Upper Egypt. It aims to combine advanced technology development with talent building, helping support innovation and skill development in the region.
Magnum Egypt was founded as an educational startup focused on teaching robotics, programming, and electronics to students.
The company provides practical, hands-on learning programs and works closely with schools and educational institutions. It mainly supports students in Upper Egypt and other governorates.
Its main goal is to prepare a new generation of students with early technical skills, helping them meet the future demands of technology and engineering careers.
Eng. Ahmed Emad, CEO of AntX, stated: “We see Magnum as a strong foundation with a clear product offering. This acquisition represents a strategic step that enhances our ability to expand and build a fully integrated ecosystem combining advanced research and development with talent development.”
For his part, Eng. Mohamed Rashed, Founder of Magnum Egypt, said: “This step marks a natural transition to a broader phase in Magnum’s journey. It enables us to expand our impact within a stronger and more sustainable framework.”
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