TBA GroupVan AalstSailors SocietyTMS Awards 2023Port of StocktonGeneva Dry
  • Sailors Society
  • Bühler GmbH
  • Vigan
  • Geneva Dry
  • Van Aalst
  • TBA Group

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

Sastry: Africa’s mining industry offers high margins and long-term contracts

(Posted on 20/06/24)

Speaking at this year’s Drycon conference in Mumbai, Capt. Pappu Sastry, CEO of Adhira Shipping... Read more


Tunley Environmental announces ambitious transatlantic expansion plans

(Posted on 19/06/24)

Sustainability consultancy Tunley Environmental is announcing ambitious transatlantic expansion plans... Read more


Duluth earns favourable marks in Green Marine environmental rating

(Posted on 14/06/24)

The Duluth Seaway Port Authority and its terminal operations on Rice’s Point ranked among the... Read more


Humber Freeport makes new home in historic trade centre

(Posted on 07/06/24)

Associated British Ports (ABP) has announced that the Humber Freeport Company has located its headquarters... Read more


Partnership for Lake Ontario short sea shipping corridor with USA

(Posted on 07/06/24)

The Hamilton Oshawa Port Authority (HOPA Ports) has announced an agreement with an affiliate of Beowulf... Read more


Stockholm and Baltic ports seek funds for Ukrainian cooperation

(Posted on 01/06/24)

Ports of Stockholm, together with Odessa headquartered law firm Interlegal and the Baltic Ports Organization... Read more


German and Lithuanian ports working together

(Posted on 31/05/24)

Co-operation in the maritime industry between Lithuania and Germany continues to grow. This is one of... Read more


New collaboration on Flemish seaport circular economy impact

(Posted on 28/05/24)

The Vrije Universiteit Brussel (VUB) has launches a new chair in collaboration with Circular Flanders... Read more


AD Ports launches Maritime Sustainability Research Centre

(Posted on 28/05/24)

AD Ports Group, a leading facilitator of global trade, logistics and industry, based in Abu Dhabi, has... Read more


250 hectares available for new industrial activities on HAROPA Port land

(Posted on 22/05/24)

The “France 2030 Turnkey Sites” scheme announced in May 2023 by the French government has... Read more


Bühler GmbHTelestackPort of South LouisianaViganCimbria
  • TMS Awards 2023
  • Port of Stockton
  • Port of South Louisiana

Subscribe to our newsletter

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