AD Ports Group completes acquisition of Spain’s Noatum
3 July 2023AD Ports Group 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 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 percent ownership of Noatum amounts to $721 million using the EUR:AED rate of 4.01 on the day of the signing ($720 million), implying a Last Twelve Months EV/EBITDA of 5.9x..
The milestone and transformative acquisition of the Spain-headquartered company 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.
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.
Mr. Antonio Campoy, Chief Executive Officer, Noatum, said that “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.”
Aside from significantly expanding AD Ports Group’s global reach and scope of services, the acquisition of Noatum will generate several important synergies, including revenue enhancement, cost savings, joined purchasing, transfer of best practices, market expertise, and adoption of cutting-edge technology.
AD Ports Group’s intent to acquire Noatum was initially announced in November of 2022, and has been pending the necessary regulatory approvals.
Related
-
Iberdrola plans 1.32 GW pumped-hydro storage project in Portugal
28 July 2025
-
EDF shifts nuclear strategy to focus on domestic projects
27 July 2025
-
Poland seeks delivery partner for new international airport
27 July 2025
-
South Africa approves six solar projects totaling 1,290 MW
25 July 2025
-
Saudi Arabia Invites PQ for Strategic Reservoirs and Water Transmission Systems on PPP model
25 July 2025
-
Masdar, Iberdrola achieve financial close for $6.1bln East Anglia THREE Offshore wind project
25 July 2025