UAE – AD Ports Group has announced that Noatum, which leads its Logistics Cluster operations, successfully closed the acquisition of 100% equity ownership of Sesé Auto Logistics, for an enterprise value of EUR81 million ($88.14 million).
The acquisition, which was approved by all relevant European regulators and closed today, solidifies Noatum’s commitment to providing comprehensive solutions across the entire logistics value chain in the automotive industry.
The acquisition of the Finished Vehicles Logistics (FVL) business of Grupo Logístico Sesé implies a trailing EV/EBITDA of 3.8x…
