Sunday, November 24, 2024

AD Ports Group announces acquisition of Spain’s APM Terminals Castellón by Noatum

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AD Ports Group, a leading global facilitator of logistics, industry and trade, announced that Noatum Terminals, Noatum Group’s terminal operating business, will acquire 100% ownership of APM Terminals Castellón in Spain for full purchase consideration (enterprise value – EV). announced that it had been acquired. ) 10 million euros.

The agreement signed with APM Terminals has received all regulatory and stakeholder approvals, and the change in ownership is expected to take effect immediately. In parallel, a long-term agreement with the stevedores union has been reached, guaranteeing stability and high productivity in the coming years.

Noatum Terminals’ investment in Castellón is part of its strategy to strengthen its position in Spain, where it has already been managing multipurpose terminals since 2004. The acquisition follows various improvements carried out at Noatum Terminal Castellón, with the aim of modernizing and maintaining existing facilities and equipment.

The acquisition of APM Terminals brings Noatum’s total capacity in Castellón to 250,000 square meters, giving it an annual throughput of 250,000 TEU, which corresponds to approximately 70% of the container throughput at Castellón Port. In addition, the two terminals, which can handle 2 million tonnes of bulk cargo alongside RoRo, are connected via a direct rail link to the hinterland, serving the Mediterranean, Middle East and North Africa regions. This will further increase the competitiveness of the port. Gaining volume and serving various industrial sectors. It is also worth mentioning that the Castellón region is the largest tile producer in the world, with 80% of its production exported.

The acquisition will allow Noatum Terminal Castellón to expand its bulk cargo, general cargo and container processing operational capabilities while maintaining contracting with APM Terminal’s third-party services at this location.

Joaquin Ramon Lestau, CEO of AD Ports Group’s Noatum logistics cluster, Noatum Terminals, said: “With this acquisition, we strengthen our position as a leading multi-purpose port operator in the Western Mediterranean region. Noatum Terminals is committed to providing a dedicated service. We serve both existing and new customers in line with Noatum Group’s quality standards, while ensuring the smooth and efficient operation of our terminals into the future. We will make the necessary investments to ensure this happens.”

For more information, please visit adsgroup.com.



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