Port of StocktonTelestackViganBühler GmbHPort of South LouisianaTMS Awards 2023
  • Port of South Louisiana
  • Geneva Dry
  • Vigan
  • TBA Group
  • Sailors Society
  • IMPA Events

AD Ports completes Noatum acquisition

(Posted on 03/07/23)

Abu Dhabi based AD Ports Group, one of the world’s premier facilitators of logistics, industry, and trade, has announced that it has completed the acquisition of Noatum, a global integrated logistics services provider with a presence across 26 countries, after receiving approvals from all relevant regulatory bodies.

AD Ports Group received the final approval from Spanish Authorities, after it attained regulatory clearance from the European Commission earlier in the year. The total purchase consideration (Enterprise Value) for 100% ownership of Noatum amounts to AED 2.65 billion using the EUR:AED rate of 4.01 on the day of the signing (EUR 660 million), implying a Last Twelve Months EV/EBITDA of 5.9x..

The Spain-headquartered company generated revenue and EBITDA of AED 6.4 billion (EUR 1.6 billion) and AED 448 million (EUR 111.6 million) in the last twelve months, respectively, performing in line with expectations since the transaction has been announced, and held a net debt position of AED 220 million (EUR 54.9 million), as of May 31, 2023.

Full consolidation of Noatum has started since the day of signing on 30 June 2023.

The milestone and transformative acquisition brings together two major industry players, each with its strengths and capabilities, to form a global powerhouse in the trade and logistics space.

Given its significant scope of services, experience, and capabilities, Noatum will assume leadership of AD Ports Group's Logistics Cluster, with the process of integrating its businesses and team of 2,800 professionals into the Cluster’s operations commencing immediately.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “We are delighted to have obtained regulatory approval for the acquisition, and on behalf of AD Ports Group, I would like to welcome Noatum and its entire team to our extended corporate family. This landmark acquisition is a testament to our wise leadership’s enduring support and aligns seamlessly with our long-term growth strategy. We look forward to leveraging our integrated cross-Cluster business model and working together to unlock unprecedented value for our respective customers, partners and stakeholders. The future of trade and logistics relies on integration, resilience and innovation, and by taking this transformative step together we are charting a path to realising our collective mission of becoming one of the top global trade and logistics providers.”

For its part, Noatum brings significant growth potential and scalability thanks to its asset light operating model and presence in all major global markets, including Europe, Asia, Africa, North America and South America. Combining its maritime, ports and logistics businesses, the company operates a comprehensive portfolio of trade and logistics services, with presence in 26 countries, alongside a comprehensive network of its 143 international offices.

In particular, Noatum’s maritime business offers shipping agency services, inclusive of outsourcing, ancillary, and cargo solutions such as liquid bulk, breakbulk cargo, reefer, and dry cargo, while its ports business includes bulk, container, reefer, ro-ro and multi-purpose terminal operations located across 16 ports in Spain and the UAE, alongside dedicated depots and warehouses. Its logistics arm provides complete end-to-end services inclusive of multi-modal freight management, contract logistics, customs clearance and trade compliance, global supply-chain management, project cargo, and e-solutions.

The portfolio supports a spectrum of industry sectors including automotive and aerospace, chemicals, construction, renewable energy, FMCG, industrial manufacturing, oil and gas, mining, healthcare and life sciences, and retail.

Antonio Campoy, Chief Executive Officer, Noatum, said: “We are thrilled to join the AD Ports Group family. Throughout our 60-year history as a company, our goals have always been to build strong long-term projects, create new opportunities for the future, and grow alongside our clients, our people, and our stakeholders. Today, as part of AD Ports Group, these objectives are more meaningful than ever, as together we are going to build one of the most robust logistics companies in the world."

Latest News

Tunley Environmental urges ports to act now on EPA's $3bn Clean Ports Programme

(Posted on 07/12/23)

US Port owners should start immediate planning to take advantage of the $3bn available in grants as... Read more

Vancouver Port announces Peter Xotta as President and CEO

(Posted on 07/12/23)

The Vancouver Fraser Port Authority’s board of directors has announced that it has appointed Peter... Read more

JV to enhance connectivity and industrialisation in Central Asia

(Posted on 03/12/23)

In the presence of Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, AD Ports Group, a... Read more

Lhyfe to develop hydrogen site at Nantes Saint-Nazaire Port

(Posted on 03/12/23)

Lhyfe, a global pioneer in the production of renewable green hydrogen for transportation and industrial... Read more

World first cross-border CO2 capture project in North Sea Port

(Posted on 26/11/23)

A 194 million euro investment in North Sea Port will secure large-scale CO2 reduction by the largest... Read more

German port industry expects ambitious port policy

(Posted on 17/11/23)

The Central Association of German Seaport Operators (ZDS) has called for a decisive German port policy... Read more

Pilbara potential for ammonia as clean iron ore carriers fuel

(Posted on 13/11/23)

A groundbreaking feasibility study has highlighted the potential for using clean ammonia to refuel ships... Read more

New IAPH Board ratified with Jens Meier appointed President

(Posted on 05/11/23)

IAPH has announced the ratification by the IAPH Council of the new IAPH Board. The Board is formed by... Read more

CN Announces Nova Scotia partnership with Genesee & Wyoming

(Posted on 05/11/23)

CN has announced that it acquired from Genesee & Wyoming Inc., a stake in the Cape Breton &... Read more

Hamburg Port increases port fees as of January 2024

(Posted on 31/10/23)

Due to continued very high inflation, the Hamburg Port Authority (HPA) will raise port fees by an average... Read more

Van AalstGeneva DryTBA GroupSailors SocietyCimbriaIMPA Events
  • Cimbria
  • Van Aalst

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping