AD Ports Group has announced that Noatum Terminals, the terminals operations business of Noatum Group, has successfully acquired 100 percent ownership of APM Terminals Castellón in Spain. The total purchase consideration, known as the Enterprise Value, amounts to EUR 10 million. This agreement, reached with APM Terminals, has received all necessary regulatory and stakeholder approvals, and the change of ownership will be effective immediately. In addition, a long-term agreement with the stevedoring union has been secured, ensuring stability and high productivity for the years to come.
Noatum Terminals’ investment in Castellón aligns with its strategy to consolidate its position in Spain. Having already managed a multipurpose terminal in Castellón since 2004, this acquisition further strengthens Noatum’s presence in the region. Various improvements have been implemented at Noatum Terminal Castellón to modernise and maintain the existing facilities and equipment.
With the addition of APM Terminals, Noatum’s combined capacity at Castellón expands to 250,000m2, with an annual capacity to handle 250,000 TEUs (twenty-foot equivalent units). This represents approximately 70 percent of the container volume capacity of the Port of Castellón. Both terminals offer the capability to handle 2 million tonnes of bulk cargo alongside RoRo and are connected to the hinterland through direct rail links. They serve the Mediterranean, Middle East, and North Africa regions, positioning the port to be more competitive in capturing volumes and catering to various industry sectors. It is worth noting that the Castellón region boasts the world’s largest tile production, with 80 percent of its output destined for export.
This acquisition enables Noatum Terminal Castellón to expand its operational capacity for bulk, general cargo, and container processing while maintaining APM Terminals’ third-party services and agreements at the location.
Joaquin Ramon Lestau, CEO of Noatum Terminals, Noatum, Logistics Cluster, AD Ports Group, expressed his satisfaction with the acquisition, stating that it strengthens their position as a leading multipurpose port operator in the Western Mediterranean region. Lestau emphasised Noatum Terminals’ commitment to providing dedicated service, in line with the Noatum Group’s quality standards, to both existing and new customers. The company is also prepared to make the necessary investments to ensure smooth and efficient terminal operations well into the future.
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