According to Amac News: The merger of Noatum Group, which is headquartered in Barcelona and provides global logistics services in 32 countries with 16 terminals in Spain, was carried out in order to leverage Novatum’s international brand and strengthen AD Ports Group’s corporate structure in line with its international expansion strategy.
In the new business structure, Noatum Group’s headquarters in Spain have been integrated into the new and existing divisions of AD Ports Group.
Novatum’s maritime operations have been fully integrated into the SAFEEN Group, now called Noatum Maritime, as a new division.
The Noatum Terminals business unit will also continue to operate as part of the new Noatum Ports, with the aim of capitalizing on Novatum’s international reputation. Noatum Ports will be responsible for managing the existing and future port operations of AD Ports Group.
Noatum Logistics will assume day-to-day responsibility for the logistics cluster business of AD Ports Group from July 2023, following the completion of the Noatum acquisition.
The integration of Noatum into AD Ports Group, which now has 33 terminals and operations in more than 50 countries, has led to improved operational efficiency and synergies that support the Group’s international growth strategy.
Cross-selling efforts, the development of new products and solutions, entry into new geographies and improved synergies have helped to strengthen AD Ports Group’s position as a leader in maritime and logistics solutions and a key trade facilitator.
AD Ports Group has nearly tripled its revenue since its inception in 2006, driven by organic growth and major acquisitions such as Novatum, which was acquired in 2023 for AED 2.65 billion ($720 million).
A key priority of the restructuring has been to create value for shareholders by maximising collaboration and exploiting synergies across the group’s clusters.
AD Ports Group is an integrated commercial, transport, industrial and logistics group, a strategic gateway to Abu Dhabi and the UAE, and is 75% owned by Abu Dhabi Investment and Holding Company.