Big leap for Noatum Maritime’s Logistics
The purchase of MIQ Logistics will triple Spain-headquartered company’s direct territorial logistics presence to 24 countries
Noatum Maritime division specialising in logistics, international transport and customs, Noatum Logistics signed an agreement to acquire MIQ Logistics, based in the US with 60 offices in 19 countries, expected to close in the coming weeks; the Spanish group shows its will to significantly expand logistics capability, being currently present in 10 countries: Spain, Portugal, France, Morocco, Algeria, Chile, Turkey, USA, UEA and China.
“Once the agreement has been concluded, Noatum Logistics will have made a strategic leap as one of the world's leading companies in its field, contributing greater added value to the logistics chain of all clients. With a consolidated turnover of more than 600 million USD, it will be present in 24 countries, combining operational and commercial synergies” stated the company.
“Noatum Logistics had posted significant increases in its activity in recent years. With this acquisition, it will become a leading global logistics provider”
In addition to almost tripling its current presence by incorporating markets that are crucial for complementing its global range of services, the acquisition will add strategic countries including Japan, South Korea, Taiwan, China, Hong Kong, India, Vietnam, Thailand, Singapore, the Philippines and Malaysia in Asia; the United Kingdom and the Netherlands in Europe; Mexico, Argentina, Colombia, and Peru in Latin America and the United States. In addition to these countries, Noatum Logistics has offices in Chile, Turkey, Portugal, Algeria, Morocco and Spain.
The acquisition is part of the group’s Strategic Plan, and “makes Noatum Maritime, which is based in Spain, one of the leading groups in its sector on an international scale, with more than 2,400 employees and a direct presence in 26 countries” said Antonio Campoy, CEO of Noatum Maritime,
MIQ Logistics, which is based in Overland Park, Kansas (USA), was established in 2000 and was acquired by Austin Ventures from YRC Worldwide in 2010. MIQ Logistics currently has a direct presence with 15 locations in the United States; 11 countries and 26 locations in Asia; 13 locations in Latin America and 8 in Europe.
Noatum Maritime is a leading company in maritime, logistics and port services, and is structured in three business units: Noatum Maritime Services, Noatum Terminals and Noatum Logistics. The Group has offices in North and South America, Europe, North Africa, the Arabic Gulf and Asia. Noatum Terminals, a leading port operator in Spain, has specialised terminals for bulk, general cargo and vehicles in 15 Spanish ports and in Khalifa Port (United Arab Emirates).