{"id":76494,"date":"2024-02-01T00:00:00","date_gmt":"2024-02-01T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/02\/01\/noatum-closes-100-acquisition-of-sese-auto-logistics\/"},"modified":"2024-02-01T00:00:00","modified_gmt":"2024-02-01T00:00:00","slug":"noatum-closes-100-acquisition-of-sese-auto-logistics","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/02\/01\/noatum-closes-100-acquisition-of-sese-auto-logistics\/","title":{"rendered":"Noatum closes 100% acquisition of Ses\u00e9 Auto Logistics"},"content":{"rendered":"

Noatum snaps up Spanish FVL firm: <\/strong>AD Ports Group\u2019s logistics subsidiary Noatum<\/a> has acquired 100% equity ownership of Spanish Finished Vehicles Logistics (FVL) outfit Ses\u00e9 Auto Logistics<\/a> for EUR 81 mn, according to a statement<\/a>. Whispers of the buyout began last October<\/a> when the transaction was still pending regulatory approval. <\/p>\n

What happens next?<\/strong> Ses\u00e9 Auto Logistic operates in most European countries with a fleet of over 200 trucks in Spain, Germany, Poland, Czech Republic, and Hungary. The company will be fully integrated into Noatum beginning February 2024 further consolidating Noatum\u2019s operations in Spain and permitting it to offer integrated end-to-end logistics solutions, including RoRo handling, vehicle transportation, and delivery. The outfit will be rebranded as Noatum Auto Logistics, with efforts to integrate employees ongoing, the statement said. <\/p>\n

The move is in line with Noatum\u2019s strategy to become a leading player in Europe\u2019s EUR 3 bn FVL market,<\/strong> which is forecasted to grow at 6% per annum, the statement added.<\/p>\n

Noatum has been on an acquisition spree:<\/strong> The outfit rebranded AD Ports\u2019 freight-forwarding arm Micco Logistics to Noatum Logistics Middle East earlier this week<\/a>, taking over Micco\u2019s operations as the freight forwarder for upwards of 80% of Abu Dhabi\u2019s oil, gas, and petrochemical projects via a 400 vehicle fleet. Earlier this month<\/a> saw Noatum acquire 100% of APM Terminals Castell\u00f3n<\/a> in Spain for EUR 10 mn, as the company looked to consolidate its operations in the country. <\/p>\n

REMEMBER-<\/strong> AD Ports Group finalized its acquisition of Spain-based Noatum in mid-2023<\/a>, after receiving regulatory greenlight, with the outfit being valued at EUR 660 mn at the time.<\/p>\n","protected":false},"excerpt":{"rendered":"

The move will see Noatum further consolidate its operations in Spain and is in line with its vision to become a major player in Europe\u2019s EUR 3 bn FVL market<\/p>\n","protected":false},"author":1,"featured_media":76495,"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":[168,137,129],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-ad-ports","tag-ma-watch","tag-uae","wpautop","entry"],"acf":{"mongo_id":"fa88ef7a-2644-4432-a331-dd76bc5856ec","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/2768.jpeg","photo_position":"above","homepage_title":"","full_issue_title":"Noatum closes 100% acquisition of Ses\u00e9 Auto Logistics","related_issue":[76484],"teaser":"The move will see Noatum further consolidate its operations in Spain and is in line with its vision to become a major player in Europe\u2019s EUR 3 bn FVL market","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.7ee74777-626f-4c52-9353-63596c87c03c.mp3"},"yoast_head":"\nNoatum closes 100% acquisition of Ses\u00e9 Auto Logistics - 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