Receives full regulatory approvals
AD Ports Group recently announced that it 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 Group received the final approval from Spanish Authorities, after it attained regulatory clearance from the European Commission earlier in the year. Full consolidation of Noatum has started since the day of signing on 30 June 2023.
The milestone and transformative acquisition 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.
Resilience
“The future of trade and logistics relies on integration, resilience and innovation, and by taking this transformative step together we are charting a path to realizing our collective mission of becoming one of the top global trade and logistics providers,” commented Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group.
Combining its maritime, ports and logistics businesses, Noatum operates a comprehensive portfolio of trade and logistics services, with a presence in 26 countries, alongside a comprehensive network of its 143 international offices.
“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,” remarked Antonio Campoy, CEO, Noatum.
