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Indiaexportnews.com

Noatum Logistics signs a definitive agreement to acquire the multinational MIQ Logistics

  21.03.2019    

Spain-based Noatum Logistics, the Noatum Maritime division specialising in logistics, international transport and customs, has signed a definitive agreement to acquire MIQ Logistics, which is based in the USA and has 60 plus offices in 19 countries. The agreement is expected to close in the coming weeks.
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.
Noatum Logistics has 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, adding strategic countries including Japan, South Korea, 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.
With the same strategic business vision, in-depth knowledge and specialization of its professionals, Noatum Logistics will expand its multicultural character and innovative spirit by offering specific and valuable services for clients’ supply chain in different industrial sectors.
Meanwhile, Noatum Logistics will keep its current network of agent partners, and continue to work to strengthen its relationships.
Both workforces of MIQ Logistics and Noatum Logistics will be integrated, as there is no geographical overlap except in Chile, where the services complement each other.
The consolidation of Noatum Logistics and MIQ Logistics will increase the geographical presence and will also significantly boost synergies with the Group's other two divisions: Noatum Maritime Services and Noatum Terminals.
The operation, which is part of its Strategic Plan, 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.
Antonio Campoy, CEO of Noatum Maritime, says: "Once the agreement has been concluded, with this acquisition, our Group will make a strategic leap. In a complex global context, in which business specialisation and the value of the logistics chain are crucial, Noatum Maritime will be significantly enhancing its international presence with the acquisition of MIQ Logistics, which will become part of our Noatum Logistics division".
According to Rafael Torres, CEO of Noatum Logistics, "MIQ Logistics has the same strategic business vision related to industrial diversification, and we will be almost tripling our direct territorial presence with different offices and locations. Both companies fully complement each other, and Noatum Logistics will have a global reach for the benefit of all our clients".
According John E. Carr, CEO of MIQ Logistics, "we are excited to be part of Noatum Logistics, which will give us industrial strength and the capacity for development. Together, we will be able to grow more quickly, ensuring our employees and clients' satisfaction at all times. This is the right move, at the right time with the right company”.



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