{"id":71805,"date":"2023-07-04T00:00:00","date_gmt":"2023-07-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/07\/04\/ad-ports-group-acquires-spains-noatum\/"},"modified":"2023-07-04T00:00:00","modified_gmt":"2023-07-04T00:00:00","slug":"ad-ports-group-acquires-spains-noatum","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/07\/04\/ad-ports-group-acquires-spains-noatum\/","title":{"rendered":"AD Ports Group acquires Spain\u2019s Noatum"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\"> <\/span><span style=\"font-weight:700\">AD Ports Group has finalized its acquisition of Spain-based logistics <\/span><span style=\"font-weight:700\">outfit <\/span><span style=\"-webkit-text-decoration-skip:none;font-weight:700;text-decoration-skip-ink:none\"><a href=\"https:\/\/www.noatumlogistics.com\/\" style=\"\">Noatum<\/a><\/span><span style=\"font-weight:700\"> after receiving the regulatory greenlight<\/span><span style=\"\">,<\/span><span style=\"\"> according to a company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2023\/07\/02\/ad-ports-group-completes-the-landmark-noatum-acquisition-upon-receiving-full-regulatory-approvals\" style=\"\">statement<\/a><\/span><span style=\"\">. The 100% acquisition, which has received final approval from Spanish authorities, is valued at EUR 660 mn, according to the statement and was first revealed in an <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adportsgroup.com\/en\/news-and-media\/2022\/11\/18\/acquisition-of-noatum-propels-ad-ports-group-to-become-a-global-logistics-platform\" style=\"\">announcement<\/a><\/span><span style=\"\"> in November 2022. The European Commission gave its clearance on the move <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/es\/mex_23_1641\" style=\"\">earlier in the year<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">What\u2019s next:<\/span><span style=\"\">Steps to consolidate Noatum within AD Ports Group kicked off following the signing on 30 June,<\/span><span style=\"font-weight:400;\"> the announcement added. Noatum will assume leadership of AD Ports Group\u2019s Logistics cluster, bringing with it a team of 2.8k professionals and a bank of services, experience, and capabilities. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Some of the benefits: <\/span><span style=\"\">Noatum\u2019s operations in 26 countries throughout the world promise a slew of advantages in terms of growth and scalability, <\/span><span style=\"\">Noatum CEO Antonio Campoy said<\/span><span style=\"font-weight:400;\">. The arrangement will also bring about a number of synergies in terms of revenue enhancement, cost savings, purchasing, best practices, technology, and expertise, according to the statement.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">About Noatum:<\/span><span style=\"\"> The firm describes itself as one of the world\u2019s top 50 freight forwarders, and has<\/span><span> a comprehensive network of 143 international offices.<\/span><span style=\"\"> It specializes in supply chain and freight management, contract logistics, project logistics, eSolutions, and customs and clearance, according to the company <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.noatumlogistics.com\/\" style=\"\">website<\/a><\/span><span style=\"\">. <\/span><span style=\"font-weight:400;\">Its operations in ports include bulk, container, reefer, ro-ro and multi-purpose terminal operations spanning 16 ports in Spain and the UAE, alongside dedicated depots and warehouses, the statement said.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">Noatum has had a good year:<\/span><span style=\"\">The Spanish logistics outfit had performed in line with expectations following the announcement of the planned acquisition, raking in EUR 1.6 bn in revenues over the past twelve months, according to the statement.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition will see Noatum take on operations of AD Ports Groups\u2019 logistics cluster<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[941],"tags":[168,17,137,375,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-71805","post","type-post","status-publish","format-standard","hentry","category-ma-watch-2","tag-ad-ports","tag-enterprise-logistics","tag-ma-watch","tag-spain","tag-uae","wpautop","entry"],"acf":{"mongo_id":"8edf9e4b-0ac1-4f35-af51-9d8b15bba502","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/7\/24.jpg,https:\/\/www.noatumlogistics.com\/noatum-announces-purchase-agreement-reached-with-ad-ports-group\/","photo_position":"above","homepage_title":"","full_issue_title":"AD Ports Group acquires Spain\u2019s Noatum","related_issue":[71800],"teaser":"The acquisition will see Noatum take on operations of AD Ports Groups\u2019 logistics cluster","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/7\/.2b10f7ae-0990-4a92-9b8a-9ab225597a9b.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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