Noatum

AD Ports appoints Hassan Allam Construction to build Safaga Terminal

AD Ports Group has announced the appointment of Hassan Allam Construction, the flagship subsidiary of Hassan Allam Holding and a leading contractor in Egypt and the MENA region, to construct the infrastructure for the Noatum Ports – Safaga Terminal.

This terminal, located on Egypt’s Red Sea coast, will be the first internationally-operated port terminal in Upper Egypt.

Captain Mohamed Juma Al Shamisi, Managing Director and CEO of AD Ports Group, commented: “We are delighted to sign this...

https://container-news.com/ad-ports-appoints-hassan-allam-construction-to-build-safaga-terminal/

AD Ports’ Noatum Logistics launches new rail service in Middle East

Noatum Logistics, part of the AD Ports Group and a major global logistics provider, has unveiled a new rail logistics solution tailored for the Middle East.

The new service is expected to enhance Noatum Logistics’ regional freight forwarding network, including land, sea, and air transport solutions.

The new rail shuttle service will connect United Arab Emirates’ Khalifa Port with Fujairah Terminals. Operating on the UAE’s national railway, managed by Etihad Rail, this shuttle service aims to...

https://container-news.com/ad-ports-noatum-logistics-launches-new-rail-service-in-middle-east/

Noatum Maritime buys majority stake in Safina

AD Ports-owned Noatum Maritime has acquired a majority stake in Safina B.V., a maritime agency and cargo service provider in Egypt and the Middle East, in a deal expected to close in the third quarter of 2024.

The acquisition of Safina is another step for Noatum Maritime in its ongoing expansion across the Mediterranean, including the establishment of new offices in Türkiye.

AD Ports has also made moves to enhance its presence in the Egyptian market, signing concession agreements to manage and...

https://container-news.com/noatum-maritime-buys-majority-stake-in-safina/

AD Ports expands into Türkiye through Noatum’s new office

AD Ports Group’s Noatum, a multinational provider of integrated port operations, maritime, and logistics services, announced the inaugural launch of Noatum Maritime’s office in Türkiye.

The launch of the new office, to be led by Noatum Maritime, will serve as an important step towards broadening the company’s reach in key regional markets with a focus on strengthening its maritime agency services in the Mediterranean region.

Noatum Maritime’s entry into Türkiye’s market is aligned with AD Ports...

https://container-news.com/ad-ports-expands-into-turkiye-through-noatums-new-office/

Noatum completes Sesé Auto Logistics acquisition

AD Ports-owned Noatum, which leads the company’s logistics cluster operations, successfully closed the acquisition of Sesé Auto Logistics, the Finished Vehicles Logistics (FVL) business of Grupo Logístico Sesé, for a total purchase consideration €81 million (US$88 million).

The acquisition, which was approved by all relevant European regulators and closed today (31 January), solidifies Noatum’s commitment to providing comprehensive solutions across the entire logistics value chain in the...

https://container-news.com/noatum-completes-sese-auto-logistics-acquisition/

Noatum launches new logistics brand in Middle East

AD Ports Group’s Noatum has launched Noatum Logistics Middle East, the company’s new brand in the Middle East region.

The new brand takes over from MICCO Logistics, which has served the Abu Dhabi and the GCC markets with distinction for over four decades, and which has been the freight forwarding arm of AD Ports Group’s Logistics Cluster since the company’s acquisition in 2020.

With strong ties to the natural resources sector, where it supported more than 80% of Abu Dhabi’s total oil, gas, and...

https://container-news.com/noatum-launches-new-logistics-brand-in-middle-east/

Noatum acquires APM Terminals Castellón for US$11 million

AD Ports Group, a global leader in logistics, industry, and trade facilitation, has announced that Noatum Terminals, a business unit of Noatum Group, has successfully acquired 100% ownership of APM Terminals Castellón in Spain for a total consideration of approximately US$11 million.

The agreement, finalized with APM Terminals, has received regulatory and stakeholder approvals, and the change in ownership is effective immediately. Simultaneously, a long-term agreement with the stevedoring union...

https://container-news.com/noatum-acquires-apm-terminals-castellon-for-us11-million/

Noatum divests stake in Spanish firm for one-off capital gain of US$10.5 million

Noatum, which currently manages AD Ports Group’s Logistics Cluster activities, has completed the sale of its 27.9% ownership in Barcelona Container Depot Service Group (BCDS) for an equity value of €11 million (around US$11.55 million) resulting in a one-off capital gain of €10 million (around US$10.5 million).

BCDS specialises in the storage, maintenance, repair, and cleaning of dry and reefer containers, as well as ISO tanks, and operates from six locations around Spain, with the majority of...

https://container-news.com/noatum-divests-stake-in-spanish-firm-for-one-off-capital-gain-of-us10-5-million/

Noatum acquires Sesé’s Finished Vehicles Logistics

AD Ports Group announced that Noatum, which now leads its Logistics Cluster operations, has signed an agreement for the acquisition of the 100% equity ownership of Sesé Auto Logistics, the Finished Vehicles Logistics (FVL) business of Grupo Logístico Sesé, for a total purchase consideration (Enterprise Value) of €81 million (around US$85 million).

The transaction is expected to be completed by the first quarter of 2024, subject to regulatory approvals.

According to AD Ports Group, this...

https://container-news.com/noatum-acquires-seses-finished-vehicles-logistics/

AD Ports Group completes Noatum acquisition

AD Ports Group has completed the acquisition of Noatum, a global integrated logistics services provider, after receiving approvals from all relevant regulatory bodies.

More specifically, the company received the final approval from Spanish Authorities and the regulatory clearance from the European Commission earlier in the year.

The total purchase consideration for 100% ownership of Noatum is approximately US$720 million. Noatum generated revenue and EBITDA of US$1.7 billion and around US$122...

https://container-news.com/ad-ports-group-completes-noatum-acquisition/

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