Abu Dhabi-based AD Ports Group has completed the acquisition of Noatum, a global provider of integrated logistics services with operations in 26 countries. Under the agreement, the group will acquire a 100 pc ownership stake in the Spain-headquartered firm for USD720 million (AED2.65 billion).

Noatum reported EUR1.6 billion (AED6.4 billion) in revenue and EUR111.6 million (AED448 million) in EBITDA for the past twelve months, meeting its performance expectations since the announcement of the transaction. As of 31 May, the company held a net debt position of EUR54.9 million (AED220 million). Following regulatory clearance from the European Commission earlier this year, AD Ports Group obtained the final approval from Spanish Authorities to complete the transaction.

In addition to expanding AD Ports Group’s global presence and service offerings, the deal is set to bring about a range of benefits including revenue growth, cost savings, joint purchasing, knowledge sharing, access to market expertise, and the adoption of cutting-edge technologies. Noatum’s full integration into AD Ports Group commenced on 30 June, marking a milestone development for both companies, by combining their strengths and capabilities, to create a global powerhouse in the logistics domain. With its broad range of services, market experience, and capabilities, Noatum will spearhead AD Ports Group’s Logistics Cluster.

“This landmark acquisition is a testament to our wise leadership’s enduring support and aligns seamlessly with our long-term growth strategy. We look forward to leveraging our integrated cross-Cluster business model and working together to unlock unprecedented value for our respective customers, partners and stakeholders,” AD Ports Group CEO and Managing Director, Captain Mohamed Juma Al Shamisi said, emphasising the importance of integration, resilience, and innovation in shaping the future of trade and logistics.