Noatum announces purchase agreement reached with AD Ports Group

  • AD Ports Group recognizes Noatum’s history of growth and its potential to be part of its vision for the future.
  • Noatum will lead AD Ports Group’s Logistics Cluster.

Madrid, 18 November 2022 – The purchase agreement for the entire Noatum Group by AD Ports Group was formalised yesterday afternoon.

Established in 2006 in the United Arab Emirates, AD Ports Group today serves as a global premier facilitator of logistics, industry, and trade, as well as a bridge linking Abu Dhabi to the world. Listed on the Abu Dhabi Securities Exchange (ADX: ADPORTS), AD Ports Group’s vertically integrated business approach has proven instrumental in driving the emirate’s economic development over the past decade.

Operating several clusters covering Ports, Economic Cities & Free Zones, Maritime, Logistics, and Digital, AD Ports Group’s portfolio comprises 10 ports and terminals, and more than 550 square kilometers of economic zones within KEZAD Group, the largest integrated trade, logistics, and industrial business grouping in the Middle East.

The Noatum Group’s solid track record, the sustained success of its business model, and the expertise of its professionals have been key to AD Ports Group considering Noatum as a perfect fit to its business conglomerate.

A transitional phase now begins, in which work will be carried out together to obtain all the necessary regulatory approvals before the purchase is formalized.

Antonio Campoy, CEO of Noatum, said: “I would like to personally acknowledge the trust placed in us by AD Ports Group, and their commitment to maintaining Noatum’s current organizational structure. The agreement also represents a great opportunity for growth for our group and the people who are part of it.”

AD Ports has stated its intention to create a market-leading international logistics brand by consolidating its existing logistics business with Noatum in order to gain a significant presence in the Middle East and to enhance the company’s global footprint. Going forward, Noatum will lead AD Ports Group’s Logistics Cluster, consolidating the company’s existing range of logistics services in its operations.

 

ABOUT NOATUM:

Noatum is a leading, multinational group in transport, comprehensive logistics, and port operations services.

Its work is divided into three main business areas: Noatum Maritime, focusing on providing maritime services; Noatum Logistics, a comprehensive logistics operator; and, Noatum Terminals, its port operations division.

The cross-sectoral approach in Noatum’s services in these three areas means we can offer comprehensive solutions with a high degree of specialization and innovation.

With a presence in 26 countries and another five in association, Noatum deals with more than 16,300 port calls every year, moves over 13 million tons of bulk and general cargo, and operates more than 830,000 million vehicles. It also handles more than 590,000 containers (terminals and warehouses) and its volume of transported containers amounts to more than 613,000 TEUs.

For more information, please contact:
Noatum Marketing & Communication
media@noatum.com

 

ABOUT AD Ports Group:

Established in 2006, AD Ports Group today serves as the Middle East’s premier facilitator of logistics, industry, and trade, as well as a bridge linking Abu Dhabi to the world. Listed on the Abu Dhabi Securities Exchange (ADX: ADPORTS), AD Ports Group’s vertically integrated business approach has proven instrumental in driving the emirate’s economic development over the past decade.

Operating several clusters covering Ports, Economic Cities & Free Zones, Maritime, Logistics, and Digital, AD Ports Group’s portfolio comprises 10 ports and terminals, and more than 550 square kilometers of economic zones within KEZAD Group, the largest integrated trade, logistics, and industrial business grouping in the Middle East.

AD Ports Group is rated A+ by S&P and A+ Outlook Stable by Fitch.

For more information, please visit: adportsgroup.com.