Noatum Logistics acquires MIQ
Noatum Logistics, the Noatum Maritime division specialising in logistics, international transport and customs, is acquire MIQ Logistics, which is based in the USA and has over 60 offices in 19 countries. The deal is expected to close in the coming weeks.
The workforces of both companies will be integrated, as there is no geographical overlap except in Chile, where the services complement each other. This consolidation will increase the geographical presence and also significantly boost synergies with the group's other two divisions: Noatum Maritime Services and Noatum Terminals.
Rafael Torres, CEO of Noatum Logistics, declared: "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." (mw)