AD Ports' Noatum buys Spanish finished vehicle logistics specialist

AD Ports Group, based in Abu Dhabi, has acquired finished vehicle logistics operator Sesé Auto Logistics through its subsidiary Noatum. The €81m ($85.75m) deal is expected to close in Q1 2024 and is part of AD Ports' strategy to expand into 3PL activities, particularly in the automotive sector. Sesé offers road and rail logistics in five European countries and has clients such as Renault, Stellantis, and BMW. AD Ports estimates the European finished vehicle market to be worth €3bn and expects it to grow 6% in the medium term.

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Frequently Asked Questions

Q: Who acquired Noatum, a Spanish finished vehicle logistics specialist?

A: AD Ports Group acquired Noatum. [source]

Q: How much was the acquisition deal worth?

A: The acquisition deal was worth $660 million. [source]

Q: When did AD Ports Group acquire Noatum?

A: AD Ports Group acquired Noatum less than a year ago. [source]

Q: What is Noatum's specialization?

A: Noatum specializes in finished vehicle logistics. [source]

Q: What is the significance of the acquisition for AD Ports Group?

A: The acquisition makes AD Ports Group one of the significant global players in finished vehicle logistics. [source]