AD Ports’ Noatum buys Spanish firm to boost auto logistics : Madrid-based logistics outfit Noatum, AD Ports Group’s logistics arm, will fully acquire Sesé Auto Logistics, the finished vehicles logistics business of Grupo Logístico Sesé for EUR 81 mn, Emirati news agency Wam reports. The acquisition is expected to be completed by 1Q 2024, subject to regulatory approvals, according to Wam.

About the company: Sesé Auto Logistics is a finished vehicles logistics business with a fleet of over 200 trucks, specializing in road and rail transport logistics for light and heavy vehicles, with operations in Spain, Germany, Poland, Czech Republic, and Hungary. It serves original equipment manufacturers like Renault, BMW and others, according to Wam.

Part of Noatum’s strategy to expand its vehicle logistics operations: Acquiring Sesé Auto Logistics is part of Noatum’s strategy to lead the finished vehicle logistics sector in the European automotive market, by expanding its network across Europe following the acquisition, Wam said. The transaction should generate synergies with Noatum’s port terminals business in Spain, offering a comprehensive logistics solution that will cover everything from transport to distribution and final delivery, Wam added.

What they said: “Noatum’s acquisition of Sesé Auto Logistics, which brings to us significant capabilities, expertise and logistics networks, will help deliver on our vision as it will allow us to further expand within Europe’s growing and profitable automotive sector, and pave the way for us to become a leading global provider in the FVL industry,” said Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group.

Background: Last July, AD Ports Group completed its acquisition of Noatum to serve as its logistics operations unit after receiving the regulatory greenlight from the Spanish authorities. The acquisition merged AD Ports’ existing logistics business with Noatum to enhance the company’s global logistics footprint, according to the statement.

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