"Abu Dhabi Ports" Completes the restructuring of the assets of the Noatum Group

2024/12/25 8:26:00 PM

2 minutes read

ABU DHABI, December 25 / WAM / Abu Dhabi Ports Group announced today the completion of the largest restructuring process in its corporate history, by merging the assets of the Notom Group that it recently acquired into its current business system, which is a global integrated logistics services company, headquartered in Barcelona. It is active in 32 countries and has 16 stations.

The Nuatom merger aims to benefit from the value of its international brand and strengthen the institutional structure of Abu Dhabi Ports Group, in line with the group’s strategy for international expansion.

Under the new business structure, Nuatum’s head office in Spain has been integrated into Abu Dhabi Ports Group’s existing and new business sectors.

According to the restructuring, the marine services sector of the Noatom Group was fully integrated into a new business sector within the Safin Group, which was renamed under the name “Noatom Marine”, and “Noatom Terminals” became part of “Noatom Ports”, which is the newly created sector. , which will benefit from Nuatom’s international reputation.

Nuatom Ports will manage Abu Dhabi Ports Group’s current and future international port operations.

“Noatom Logistics” had already assumed the daily tasks of the logistics sector business of the Abu Dhabi Ports Group, in July 2023 after the completion of the acquisition of Noatom.

The restructuring of Nuatom within Abu Dhabi Ports Group, which now has 33 terminals and operates in more than 50 countries, has resulted in enhancing operational efficiency and achieving synergies between business sectors, supporting the group’s international growth strategy.

Cross-selling efforts, developing new products and solutions, and entering new geographic regions have contributed to consolidating Abu Dhabi Ports Group’s position as a global company in providing maritime and logistical solutions, and a leading enabler of global trade.

Captain Mohammed Juma Al Shamsi, Managing Director and CEO of Abu Dhabi Ports Group, said that the group’s success in completing the integration process of Nuatom’s assets represents a prominent achievement in the development process of Abu Dhabi Ports, which comes in fulfillment of the vision of the wise leadership to become a leading global provider of trade, transportation and logistics services.

He added that Noatum’s international brand, its global networks, its relationships with customers, and its assets are a valuable addition that will have a significant impact on enhancing and expanding the horizons of the group’s economic aspirations, and putting Abu Dhabi Ports in a better position to continue completing its growth journey.

Taking full advantage of the new additions to the Group, it will be able to unleash the full potential of its M&A activities through enhanced synergies that will increase its competitiveness and ensure its continued leadership in existing and new global markets.

One of the main priorities of the restructuring was to enhance shareholder value, by maximizing cooperation and exploiting opportunities to achieve synergies between the group’s business sectors.

The value-enhancing combination between Nuatome and Abu Dhabi Ports Group, which was achieved through the integration of new products, cross-selling and synergies across geographies and business sectors, will support the group’s efforts in maximizing its revenues and profits.