Noatum Acquisition Agreement of Sesé's Finished Vehicles Logistics
In Line with Noatum’s Strategy to Offer Comprehensive Solutions for Automotive Industry Across the Entire Logistics Value Chain
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In Line with Noatum’s Strategy to Offer Comprehensive Solutions for Automotive Industry Across the Entire Logistics Value Chain
Deal tobuy Sesé Auto Logistics effected through UAE entity's Noatum
Noatum, which leads AD Ports Group’s Logistics Cluster operations, will acquire 100% equity ownership of Sesé Auto Logistics, the Finished Vehicles Logistics (FVL) business of Grupo Logístico Sesé, for 81 million euros ($84.76 million).
AD Ports said the deal implies an EV/EBITDA ratio of around 3.5x based on the company’s last twelve months performance to August 2023.
For evaluation purposes in a federal procurement, may an offeror rely upon the past performance and experience of its affiliates? The answer generally is a qualified yes, but the answer...