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AD Ports acquires APM Terminals Castellón terminal in Spain

Photo: AD Ports Group Noatum's acquisition of APM Terminals Castellon in Spain
AD Ports Noatum Terminals, the terminals operations business of Noatum Group, has acquired 100% ownership of APM Terminals Castellón in Spain for $110 million.

The change of Castellon’s ownership will take place effective immediately, AD Ports said. UAE-based AD Ports Group completed the acquisition of Noatum in July 2023. 

Noatum Terminals’ investment in Castellón, where it has already been managing a multipurpose terminal since 2004, is part of its strategy to consolidate its position in Spain. The acquisition follows various improvements implemented at Noatum Terminal Castellón, aimed at modernising and maintaining existing facilities and equipment.

Noatum’s combined capacity at Castellón is 250,000 sqm in size and an annual capacity of 250,000 teu, representing around 70% of the container volume capacity of the Port of Castellón.

The two terminals, which can also handle 2 million tonnes of bulk cargo alongside ro-ro vessels. They are connected via direct rail links to the hinterland and serve the Mediterranean, Middle East, and North Africa regions.

“With this acquisition, we strengthen our position as a leading multipurpose port operator in the Western Mediterranean region. Noatum Terminals is committed to providing dedicated service, in line with the Noatum Group’s quality standards, to both existing and new customers, while making the necessary investments for the terminal’s operations to run smoothly and efficiently well into the future,” said Joaquin Ramon Lestau, CEO of Noatum Terminals, Noatum, Logistics Cluster, AD Ports Group