13.1 C
Hamburg
Thursday, June 5, 2025
Home News AD Ports confirms Noatum takeover

AD Ports confirms Noatum takeover

AD Ports Group has announced the acquisition of Noatum, a global integrated logistics platform with a presence in 26 countries, for around US$680 million in a transaction that is expected to close in the first half of 2023.

AD Ports Group said it intends to create an international logistics brand, merging its existing logistics business with Noatum, which will lead AD Ports Group’s Logistics Cluster, consolidating the company’s existing logistics offering into its operations.

This is AD Ports Group’s third major international acquisition in 2022, following the acquisition of a 70% equity stake in Transmar and TCI in September, and the announcement in November of its acquisition of an 80% equity stake in Dubai-based Global Feeder Shipping (GFS).

Noatum, whose origins date back to 1963, operates in three business areas – Logistics, Maritime, and Port Terminals – with market-leading positions in Spain and Turkey and a significant presence in the United States, United Kingdom, China, and Southeast Asia.

“This ambitious acquisition brings a major global logistics platform into the AD Ports Group family, significantly enhancing our global connectivity and extending the range of maritime, logistics and ports solutions we can offer,” commented H.E. Falah Mohammed Al Ahbabi, chairman of AD Ports Group, who pointed out, “this acquisition makes AD Ports Group one of the most significant global players in the finished vehicle logistics, which we intend to expand in our home and core markets.”





Antonis Karamalegkos
Managing Editor

Latest Posts

We Asked AI: AI robots handling shipping operations

Artificial intelligence robots are increasingly being used to control and optimize shipping operations across global ports and logistics hubs. These advanced systems manage tasks such...

China’s military posturing affects shipping realignments in Indian Ocean

As China continues its assertive military drills across key Indo-Pacific maritime routes, ripples of geopolitical tension intersect with dramatic shifts in maritime trade logistics. The...

MAN Energy Solutions rebrands as Everllence

MAN Energy Solutions has officially rebranded to Everllence, marking a pivotal step in the company’s strategic evolution. The new global identity underscores its expanding role...

HHLA acquires majority stake in Ukrainian terminal

Hamburger Hafen und Logistik AG (HHLA) has decided to invest in a Ukrainian terminal, acquiring 60% of the shares in Eurobridge Intermodal Terminal LLC...

India vows to emerge as shipbuilding power through external partnerships

India's shipbuilding sector is experiencing a strategic transformation, driven by a convergence of geopolitical motives, national industrial goals, and ambitious maritime visions. Under Prime Minister...
error: Content is protected !!