AD Ports via Noatum Terminals has successfully completed the acquisition of APM Terminals Castellón in Spain. This strategic move further strengthens our presence in the region and underscores our commitment to providing exceptional port services. We are dedicated to leveraging this acquisition to enhance operational efficiency and drive continued growth in the maritime industry. Our focus remains on delivering high-quality and reliable port solutions to our customers while contributing to the overall development of the port sector in Spain.
AD Ports via Noatum Terminals, the terminals operations business of Noatum Group, has recently completed the acquisition of 100% ownership of APM Terminals Castellón in Spain. The total purchase consideration for this strategic acquisition amounted to EUR10 million ($10.96 million).
Noatum Terminals’ Strategic Growth Plan
Noatum Terminals’ investment in Castellón marks a significant milestone in its strategic growth plan, further solidifying its position in the Spanish market. The company has been managing a multipurpose terminal in Castellón since 2004, and this acquisition aligns with its overarching strategy to expand and enhance its presence in key locations.
Enhanced Capacity and Capabilities
Following the acquisition, Noatum Terminals now boasts a combined capacity of 250,000 square meters at Castellón, with an annual capability to handle 250,000 twenty-foot equivalent units (TEU). This substantial capacity represents approximately 70% of the container volume capacity of the Port of Castellón.
Strengthening Foothold,Commitment,Industry Growth and Development
This strategic move not only strengthens Noatum Terminals’ foothold in Spain but also underscores its commitment to providing efficient and comprehensive terminal operations services. The acquisition of APM Terminals Castellón reflects the company’s dedication to meeting the evolving needs of its customers and partners while contributing to the continued growth and development of the port industry.
Summary
The acquisition of APM Terminals Castellón represents a pivotal milestone for Noatum Terminals and underscores the company's unwavering commitment to strategic expansion, operational excellence, and customer-centric growth. With an expanded footprint in Castellón, Noatum Terminals is poised to elevate industry standards, foster economic development, and deliver unparalleled value to its customers and stakeholders while contributing to the continued success of the Port of Castellón.
(This article is sourced from Splash247.com curated by Thetransporteronline24)
