AntX Acquires Magnum Egypt to Advance the Entrepreneurship Ecosystem in Upper Egypt

AntX, a company specializing in research and development (R&D) execution and providing R&D-as-a-Service, has announced its acquisition of Magnum Egypt, an education technology (EdTech) company.

The move represents a strategic step reflecting the rapid evolution of the entrepreneurship ecosystem in Upper Egypt and aims to strengthen the integration between advanced technology development and talent building.

Advanced Technology Solutions

AntX is an Egyptian technology company focused on designing and developing electronic solutions, embedded systems, Internet of Things (IoT) technologies, and industrial automation. The company collaborates with businesses and institutions across multiple sectors and has expanded its operations from Upper Egypt to broader regional markets.

EdTech Focus on Future Skills

Magnum Egypt was founded as an educational startup specializing in teaching robotics programming and electronics to students. The company delivers hands-on learning solutions and works closely with schools and educational institutions to equip students, particularly in Upper Egypt and across different governorates, with early technical skills. Its mission is to prepare a new generation capable of meeting the future demands of technology and engineering fields.

Strategic Expansion and Ecosystem Integration

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."