Sailors SocietyTMS Awards 2023ViganPort of South LouisianaTelestackGeneva Dry
  • Telestack
  • Vigan
  • TMS Awards 2023
  • Van Aalst
  • Sailors Society
  • Cimbria

AD Ports completes TCI and Transmar acquisition

(Posted on 15/09/22)

AD Ports Group has completed the acquisition of a 70 percent equity stake in Transmar International Shipping Company (“Transmar”) and Transcargo International S.A.E. (“TCI”).

The total purchase consideration (Enterprise Value) for 70% shareholding amounts to AED 514 million (USD 140 million). It is the first international acquisition realised by AD Ports Group.

The value-accretive acquisitions of the two Egypt-based maritime companies – the first international acquisitions by the company – provide AD Ports Group with a market-leading platform for further growth in cargo, container and port operations in Egypt, North Africa and Gulf regions, and along the entire Red Sea.  

AD Ports Group has expanded its global footprint significantly over the past year, announcing a series of new investments and partnerships in markets on key trade routes for the UAE including Jordan, Uzbekistan, Tanzania and Egypt.

TCI is a terminal operator and stevedoring company that specialises in breakbulk, industrial breakbulk, general cargo, project cargo handling, heavy lift and container handling, as well as warehousing and storage facilities. It owns and operates a fleet of modern stevedoring equipment and has a strong focus on terminal operations in Adabiya Port, which is one of the main ports serving the Egyptian Red Sea region. TCI is the largest operator and sole container operator in Adabiya Port, holding a significant market share of handling and stevedoring services.

Transmar is a regional container shipping company that operates across the Middle East, Red Sea, Arabian Gulf and Eastern Coast of Africa. Ports along its routes include Adabiya and Sokhna in Egypt; Jeddah, Jubail and Dammam in the Kingdom of Saudi Arabia; Aqaba in Jordan; Port Sudan in Sudan; and Djibouti in Djibouti, Khalifa Port and Jebel Ali in the UAE. It has special capabilities for handling petrochemical products, which make up a significant proportion of trade along these routes.

Together, Transmar and TCI are on track to deliver revenue and EBITDA of around USD 137 million and USD 65 million, respectively, for full-year 2022. The El Ahwal family and the executive team will remain in management of the companies and deliver the strategic growth plans under the guidance and support of the Board and in conjunction with AD Ports Group.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “The successful completion of this international acquisition is another important step in our journey of global growth and market expansion in line with the vision of our wise leadership. AD Ports Group prides itself on its proven ability to invest in value-adding partnerships and acquisitions that enhance our portfolio of services and provide new trade connections for our global customers.”

“This acquisition provides us with a controlling position in two regional market leaders and enhances our presence along key trade lanes. We see significant opportunity for leveraging the expertise and experience of Transmar and TCI to enhance our commercial offering across the Gulf region and North Africa.”

KPMG LG acted as the financial advisor, PwC as the commercial advisor and Matouk Bassiouny and Hennawy as the legal advisor to AD Ports Group in these transactions. EFG-Hermes acted as the exclusive financial advisor and White & Case acted as the legal advisor to Transmar and TCI on this acquisition.

Latest News

New customs declaration process launched in Belgium

(Posted on 07/05/25)

Inbound Release Platform (IRP) has been operating since 1 April 2025. This innovative solution, which... Read more


Kale to develop Oman’s national port communication system

(Posted on 07/05/25)

Kale Logistics Solutions (Kale), along with its local partner Novel Muscat, has been awarded the contract... Read more


Estonian-German ports strengthen bilateral relations

(Posted on 01/05/25)

Participants at the first German-Estonian Port Days, have demonstrated the impressive way in which bilateral... Read more


Teesport Offshore Gateway - a multi-million pound investment in the River Tees

(Posted on 29/04/25)

One of the UK’s major port groups, PD Ports has announced its ambition to develop one of the UK... Read more


Port of Amsterdam achieves CO? reduction target

(Posted on 28/04/25)

Port of Amsterdam has achieved its CO? reduction target. The Port of Amsterdam aimed to reduce its corporate... Read more


NSBT celebrates launch of new third berth in Freetown

(Posted on 22/04/25)

Nectar Sierra Leone Bulk Terminal (NSBT) is celebrating the operational launch of a new third berth... Read more


Greenhouse gas emissions in port of Rotterdam down by 8%

(Posted on 17/04/25)

Greenhouse gas emissions at companies in the port decreased by 1.7 Mton (8%) in 2024 compared to 2023... Read more


Raw materials delivered to British Steel through Immingham

(Posted on 15/04/25)

Following the UK government’s passing of an emergency law to take control of British Steel, vital... Read more


Rotterdam takes important step in making shipping more sustainable

(Posted on 15/04/25)

Trammo, OCI and James Fisher Fendercare have successfully conducted an ammonia bunkering pilot between... Read more


Bulgarian port’s first order for new Konecranes Gottwald MHCs

(Posted on 03/04/25)

BMF Port Burgas AD (BMF), one of Bulgaria’s largest port operators, has ordered two Generation... Read more


TBA GroupVan AalstBühler GmbHPort of StocktonCimbria
  • Geneva Dry
  • TBA Group
  • Bühler GmbH

Subscribe to our newsletter

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