SPAIN – AD Ports Group, a pivotal force in global logistics, industry, and trade, has unveiled Noatum Terminals’ landmark acquisition of 100% ownership of APM Terminals Castellón in Spain, marking a strategic step forward in the port industry.
The acquisition, secured at EUR 10 million, garnered approvals from regulators and stakeholders, effectuating an immediate change in ownership.
Alongside, a pivotal long-term pact with the stevedoring union has been finalized, ensuring steadfast stability and heightened productivity in the foreseeable future.
“This acquisition fortifies our position as a premier multipurpose port operator in the Western Mediterranean region,” Joaquin Ramon Lestau, CEO of Noatum Terminals, emphasized the significance of this move.
“It signifies our commitment to delivering unparalleled service aligned with Noatum Group’s quality benchmarks while injecting necessary investments for sustained operational excellence.”
Noatum Terminals’ foray into Castellón builds upon its longstanding management of a multipurpose terminal since 2004.
The strategic investment mirrors a concerted effort to fortify its foothold in Spain, characterized by extensive enhancements to modernize and maintain existing infrastructure and assets.
Post-acquisition, Noatum’s combined capacity at Castellón amplifies to 250,000m2, with an annual handling capacity of 250,000 TEUs, constituting a substantial 70% of the Port of Castellón’s container volume capacity.
This expanded capacity, complemented by direct rail links to the hinterland, positions the port as a competitive force, adept at capturing volumes and catering to diverse industry sectors.
Moreover, the two terminals boast a versatile capability, accommodating 2 million tonnes of bulk cargo alongside RoRo, serving as vital conduits to the Mediterranean, Middle East, and North Africa regions.
This strategic positioning primes the port for increased competitiveness and robust service provision across these vital trade arteries.
Worth noting is the Castellón region’s distinction as the world’s largest tile producer, with a staggering 80% of its output earmarked for export.
This acquisition heralds expanded operational prowess for Noatum Terminal Castellón, equipping it to handle bulk cargo, general goods, and container processing while honoring APM Terminals’ existing third-party services and agreements.
The AD Ports Group-backed acquisition is a testament to Noatum Terminals’ commitment to delivering excellence in port operations, ensuring a seamless and efficient trajectory well into the future.
This strategic move not only consolidates Noatum’s foothold in Spain but also underscores its dedication to fostering an enhanced logistical landscape across the Western Mediterranean.
In a separate development:
Daxel Logistics & Solutions Benelux rebrands to Getting Logistics Done
Daxel Benelux has rebranded itself to Getting Logistics Done, marking a new chapter in its journey.
The company’s move toward a distinct identity aligns with its vision for international expansion and clearer market positioning.
“The rebranding reflects our autonomy and ambition for international growth. Our Dutch ownership, semi-digital approach, and future-focused strategies are encapsulated in this new identity,” Otto van Woerkom, Director of Getting Logistics Done, highlighted the significance of this transformation.
The company’s proactive and innovative approach, established since its inception in March 2019, propels it forward, embracing change and fostering a robust foothold in the logistics sector.
This rebranding initiative underlines their commitment to transparency, clarifying their objectives, services, and positioning in the global logistics landscape.
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