Abu Dhabi Ports Group has completed its acquisition of Noatum, a global logistics services provider operating in 26 countries, after obtaining approval from regulatory bodies.
The acquisition was valued at AED 2.65 billion and brings together two major players in the trade and logistics industry.
Noatum will lead AD Ports Group's Logistics Cluster, integrating its businesses and team of 2,800 professionals.
The acquisition expands AD Ports Group's global reach and services, generating synergies in revenue, cost savings, purchasing, best practices, market expertise, and technology adoption.
The acquisition was announced in November 2022 and has now received all necessary regulatory approvals.
Volkswagen CEO faces angry workers in push for radical cuts
Parkin and Bahrain's Amakin team up on smarter parking solutions
Trump threatens 50% tariffs on all cars and trucks from Canada
Over 7,000 new Indian companies join Dubai Chamber of Commerce
