Riyadh: Abu Dhabi Ports Group We expanded our operational capabilities by acquiring a Spanish company. APM Terminal Castellon 10 million euros ($10.93 million) through a subsidiary.
The transaction was carried out by Northam Terminals, a business unit of Northam Group, a wholly owned arm of the Emirati holding company.
The acquisition is aimed at modernizing and maintaining existing facilities and equipment, according to a press release.
After the acquisition of APM Terminals, Noatum’s total capacity at Castellón reached 250,000 square meters, with a throughput of 250,000 25-foot equivalent units per year, accounting for approximately 70 percent of the port’s container volume.
Joaquin Ramon Lestau, CEO, Noatum Terminals, Noatum, Logistics Cluster AD Ports Group said: “This acquisition allows us to strengthen our position as a leading multi-purpose port operator in the Western Mediterranean region.”
Mr. Restau added: “Northam Terminals is committed to providing both existing and new customers with a dedicated service in line with the Northam Group’s quality standards and ensuring smooth and efficient terminal operations into the future. We will make the necessary investments to ensure that this happens.”
In addition, the two terminals have the capacity to handle 2 million tonnes of bulk cargo and roll-on and roll-off operations, serving the Mediterranean, Middle East and North Africa regions. It is directly linked to the hinterland by rail connections.
This puts the port in a strategically competitive position, allowing it to attract large volumes of goods and serve a diverse range of industrial sectors.
The acquisition will enable Noatum Terminal Castellón to strengthen its operational capabilities in bulk cargo, general cargo and container handling. It also includes maintaining third party services and contracts for his APM terminals at the facility.
In particular, the Castellón region is one of the world’s leading tile producers, with 80% of the tiles produced designated for export.
In November 2023, AD Ports Group significantly strengthened its offshore and subsea capabilities by acquiring 10 vessels valued at $200 million from E-NAV, an international offshore vessel operator, increasing its offshore and subsea capabilities by approximately 20%. Increased.
“The expansion of our offshore fleet is an important move in our strategic objective to consolidate and strengthen our footprint in the Middle East and Southeast Asia.” AD Ports Group CEO Mohammed Juma Al Shamisi said in a statement at the time.
He further added: “We recognize that the demands of the energy sector are growing. This allows us, by strengthening our fleet, to demonstrate our role as the best offshore service provider within these regions. We can put ourselves in a position where we can.”
The move is in response to expectations that the offshore oil and gas market will continue to trend favorably in the medium to long term.