The company is active in three business sectors: logistics services, marine services, and marine terminals. It enjoys a leading position in the markets of Spain and Turkey, and has a tangible presence in both United State The United Kingdom andChina and Southeast Asia region, with more than 2,600 employees.
Abu Dhabi Ports said that this deal "It ranks among the world’s leading shipping and logistics companies".
According to the statement, Abu Dhabi Ports will fully finance the deal through a new acquisition loan.
The company said that from now on it will take over "noatum" Leading the logistics sector of the Abu Dhabi Ports Group, integrating its advanced logistics business and services within its operations.
Abu Dhabi Ports said that the deal is subject to the necessary regulatory approvals, and that it is expected to be completed in the first half of 2023. The company’s current management team will remain "noatum" In his position for three years to ensure the smooth integration of the company under the Abu Dhabi Ports Group umbrella.
This is the group’s third international acquisition Abu Dhabi Ports During the current year, as it came in the wake of the acquisition of 70 percent of the shares in each of Transmar and"TCI" The two Egyptians last September, followed by the acquisition during the month of November of an 80 percent stake in Global Feeder Shipping Company. "gfs" Which is headquartered in Dubai.
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and worksnoatumFounded in 1963 in 26 countries, its revenues in the last 12 months amounted to about 6.9 billion dirhams, and profits before interest, taxes, depreciation and consumption amounted to 555 million dirhams.
The company is active in three business sectors: logistics services, marine services, and marine terminals. It enjoys a leading position in the markets of Spain and Turkey, and has a tangible presence in both United State The United Kingdom andChina and Southeast Asia region, with more than 2,600 employees.
Abu Dhabi Ports said that this deal “puts it in the ranks of the leading shipping and logistics companies in the world.”
According to the statement, Abu Dhabi Ports will fully finance the deal through a new acquisition loan.
The company said that from now on, “Noatum” will take over the leadership of the logistics sector of the Abu Dhabi Ports Group, as it integrates its business and advanced logistics services within its operations.
Abu Dhabi Ports said that the deal is subject to the necessary regulatory approvals, and that it is expected to be completed in the first half of 2023. The current management team of “Noatum” will remain in place for three years to ensure the smooth integration of the company under the umbrella of the Abu Dhabi Ports Group.
This is the group’s third international acquisition Abu Dhabi Ports During the current year, it came in the wake of the acquisition of 70 percent of the shares in each of the Egyptian Transmar and “TCI” last September, followed by the acquisition during the month of November of an 80 percent stake in the Global Feeder Shipping Company “GFS”, which takes Headquartered in Dubai.