AD Ports Group, the exclusive developer and regulator of ports and related infrastructure in Abu Dhabi, will acquire Germany-based global integrated logistics services provider MBS Logistics.
While announcing the news, AD Ports Group also said that the agreement to acquire MBS Logistics stood at an enterprise value of AED 300 million (70 million euros).
The transaction covers MBS Logistics’ freight forwarding and logistics operations across Germany, Switzerland, Asia Pacific and the United States and excludes its joint ventures.
MBS Logistics, that has close to forty years of industry experience, has a global network of 26 offices, along with a team of over 450 professionals. The venture’s core freight forwarding services span air, ocean, road and rail transport, complemented by contract logistics, project cargo, customs and compliance, and time-critical multimodal solutions.
The company also serves a wide range of industries, including aerospace, automotive, e‑commerce, engineering, technology, FMCG and healthcare.
While most of MBS Logistics’ core freight forwarding operations are based in Germany and Central Europe, it also maintains networks across China, Vietnam and the United States.
The completion of the transaction, which remains subject to regulatory approvals and other closing conditions, will see MBS Logistics joining Noatum Logistics, AD Ports Group’s globally integrated platform that leads its logistics cluster.
Jochen Thewes, the recently appointed CEO of the logistics cluster, AD Ports Group, said, “Bringing MBS Logistics into our ecosystem is the right move at the right time, especially as markets seek greater connectivity and resilience in an evolving global trade and logistics landscape.” It provides us with an established operating platform with deep expertise and immediate access to key Central European and global logistics corridors.”
Joerg Roehl, Group CEO and shareholder of MBS Logistics, added, “Joining AD Ports Group and Noatum Logistics marks an important milestone for MBS Logistics. Their global reach, robust infrastructure and clear long-term vision for integrated logistics will enable us to further strengthen our service offering, expand our network and unlock new opportunities for our customers and our teams.”