AD Ports Group has announced the completion of a major restructuring in its corporate history, integrating the assets of the recently acquired Noatum Group into its existing business structure.
The integration of Barcelona-based Noatum Group, a vertically integrated provider of global logistics services with activities in 32 countries and 16 terminals in Spain, aims to leverage Noatum’s international brand equity and solidify AD Ports Group’s corporate structure.
Under the new business structure, Noatum’s corporate head office in Spain has been integrated into AD Ports Group’s existing and new business verticals.
The maritime operating unit of Noatum Group has been fully integrated as a new business segment into SAFEEN Group, which has been renamed Noatum Maritime.
The former Noatum Terminals operating unit has also become a component of the newly established Noatum Ports, which will manage the existing and future international port operations of AD Ports Group.
Noatum Logistics had already previously assumed day-to-day responsibility for AD Ports Group’s Logistics Cluster business in July 2023 after the Noatum acquisition was completed.
The restructuring of Noatum into AD Ports Group, which now has 33 terminals and activities in more than 50 countries, has led to operating efficiencies and synergies that are supporting the Group’s international growth strategy, according to the company’s statement.
AD Ports Group has almost tripled revenue since 2021 through organic growth and major acquisitions such as Noatum, which it acquired for US$720 million in 2023, and Global Feeder Shipping (GFS), a Dubai-based global container feeder shipping company, for US$$510 million, among others.
Captain Mohamed Juma Al Shamisi, CEO and Managing Director of AD Ports Group, commented: “The successful integration of Noatum’s assets marks a major milestone in the corporate development of AD Ports Group, which has evolved under the wise vision of our leadership into a premier global provider of trade, transport and logistics services. The addition of Noatum’s international brand equity, global networks, customer relationships and assets has not only strengthened and broadened the economic horizons of our Group, but it has positioned AD Ports Group for its next stage of growth.”
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AD Ports completes restructuring of Noatum Group assets
