– Noatum has acquired a controlling stake in Safina BV, with plans to rebrand the agency as Noatum Maritime Egypt, further expanding its presence in the region.

– Safina’s founders will retain a minority stake and continue to contribute to the company’s growth, leveraging their extensive experience in maritime logistics across Egypt.

– This acquisition builds on AD Ports’ strategy of expanding into Egypt, following their earlier acquisitions of Transmar and TCI, and recent concession agreements for managing key Egyptian ports.

Noatum, a multinational group in transport and logistics services, has acquired a controlling stake in Safina BV, with the deal expected to finalize in Q3 2024. The established agency will eventually be rebranded as Noatum Maritime Egypt.

This acquisition aligns with the strategy of Noatum’s parent company, AD Ports, which previously acquired majority stakes in Transmar and Transcargo International (TCI) in 2022—both part of Egypt’s IACC Holdings, like Safina. The founders of Safina will retain a minority stake and continue to support the company’s growth.

Safina offers extensive agency and maritime logistics services, catering to the metals, minerals, and fertilizers industries. With offices in six Egyptian hubs, including Cairo, Port Said, and Suez, Safina provides liner and tramp agency services across 15 Egyptian ports, as well as Suez Canal transit services.

AD Ports’ earlier acquisitions of Transmar and TCI in 2022 marked the group’s initial foray into international markets, which has since been bolstered by concession agreements for managing and operating cruise and Ro-Ro terminals at Safaga, Hurghada, Sharm El Sheikh, and Sokhna ports.

Terry Gidlow, CEO of Noatum Maritime, stated: “The move enhances our presence in key markets and enables us to strengthen our service offering across Egypt, the Middle East, and North Africa, providing for greater flexibility and opportunities to meet our customers’ needs. By leveraging Safina’s four decades of experience and local expertise, we aim to further optimize our operations, strengthen customer relationships, and drive sustainable growth.”