AD Ports Group Expands Global Footprint with $720 Million Acquisition of Spanish Logistics Leader

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Written By Jennifer Joslyn

🌊 AD Ports Group Expands Global Footprint with $720 Million Acquisition of Spanish Logistics Leader.

Abu Dhabi-based AD Ports Group has successfully acquired Noatum, a leading provider of integrated logistics services operating in 26 countries worldwide. The acquisition, valued at $720 million, allows AD Ports Group to obtain 100% ownership of the Spain-headquartered company. Noatum reported revenue of EUR1.6 billion (AED6.4 billion) and EBITDA of EUR111.6 million (AED448 million) over the past twelve months, meeting performance expectations. The transaction was approved by the European Commission earlier this year and received final clearance from Spanish authorities. The acquisition brings several advantages, including revenue growth, cost savings, joint purchasing, knowledge sharing, access to market expertise, and the adoption of advanced technologies. Noatum's integration into AD Ports Group began on June 30, facilitating the collaboration of both companies to create a global powerhouse in the logistics industry.]

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Jennifer Joslyn
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