Transaction marks Noatum’s strategic leap in the European automotive logistics industry
AD Ports Group, one of the world’s premier facilitators of logistics, industry, and trade, announces that Noatum, which leads its Logistics Cluster operations, successfully closed the acquisition of 100% equity ownership of Sesé Auto Logistics, the Finished Vehicles Logistics (FVL) business of Grupo Logístico Sesé, for a total purchase consideration (Enterprise Value – EV) of EUR 81mn.
The acquisition, which was approved by all relevant European regulators and closed today, solidifies Noatum’s commitment to providing comprehensive solutions across the entire logistics value chain in the automotive industry.
Sesé Auto Logistics’ reputation for technological innovation and commitment to environmental sustainability aligns seamlessly with Noatum’s vision for growth. By integrating the company into Noatum’s Automotive brand, Noatum aims to provide a full end-to-end logistics solutions from RoRo Terminal handling to vehicle transportation, to final delivery.
Strategic move
“This strategic move enhances our capabilities, expertise, and logistics networks, and positions us well to expand within Europe’s and the Mediterranean Region’s growing and lucrative Finished Vehicles Logistics industry,” remarked Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group.
“Our main focus with Noatum Auto Logistics is to enhance our industry solutions to meet our customers’ evolving needs and to strengthen our product range across the logistics supply chain, which will enable us to compete as a major player in the global automotive sector,” concluded Antonio Campoy, CEO, Noatum Group, Logistics Cluster, AD Ports Group.
