AD Ports Completes AED 2.64 Billion Acquisition of Noatum, Expanding Global Trade and Logistics

AD Ports has acquired Noatum in a deal worth AED 2.64 billion (EUR 660 million), becoming the sole owner of the logistics company. The acquisition was finalized after receiving approval from regulators in Spain and the European Union. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, expressed his enthusiasm for the deal, stating that they are looking forward to utilizing their cross-cluster business model and working together to provide exceptional value to their customers, partners, and stakeholders. They aim to be one of the leading global trade and logistics providers in the future.

Noatum operates in 26 countries across Europe, Asia, Africa, North America, and South America, with 143 international offices. Last year, the company achieved sales of AED 6.4 billion and EBITDA of AED 448 million. Antonio Campoy, Chief Executive Officer of Noatum, emphasized their commitment to long-term projects and creating opportunities for growth with their customers, employees, and stakeholders. He believes that being part of the AD Ports Group will enable them to build one of the most resilient logistics companies globally.

AD Ports is focused on expanding its presence throughout the maritime supply chain, including feeder shipping, tankers, dry bulk, logistics, and shipyards. The acquisition of Noatum aligns with their strategy of diversifying their business and strengthening their position in the industry.

In conclusion, AD Ports has completed the acquisition of Noatum, solidifying their position in the global logistics market. The deal is expected to bring significant benefits to both companies and contribute to the growth and resilience of the AD Ports Group.

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