US$ 681mn strategic investment also offers exposure to maritime activities
AD Ports Group recently announced that it has acquired Noatum, a global integrated logistics platform with a presence in 26 countries. Noatum will lead AD Ports Group’s Logistics Cluster, consolidating the company’s existing logistics offering into its operations.
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 US, UK, China, and Southeast Asia.
Noatum’s global Logistics business specialises in comprehensive freight management, project logistics, contract logistics, international supply chain management, customs, and e-solutions, with offices and a wide network of agents around the world.
In particular, Noatum has advanced capacities in heavy lift logistics which AD Ports Group aims to bring to the region.
The company’s Terminals operations include 15 Ro-Ro, dry bulk, general cargo and container terminals in Spain, supported by highly professional management, while its Maritime division provides shipping agency services, including outsourcing and ancillary services, and cargo services, such as liquid bulk, breakbulk cargo, reefer and dry cargo.
“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,” noted Falah Mohammed Al Ahbabi, Chairman, AD Ports Group.
“We will leverage the acquisition of Noatum to build a strong international logistics brand with deep roots in this region,” commented Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group.