AD Ports Group Acquires MBS Logistics to Bolster European Freight Network
AD Ports Group has announced its acquisition of a 100% stake in MBS Logistics, a German-based international freight forwarding company. The deal, valued at approximately AED261 million ($71 million), marks a significant expansion of AD Ports Group's global logistics and freight forwarding capabilities. This strategic move strengthens the group's presence in the European market, leveraging MBS's established network in sea and air freight. The acquisition is expected to create substantial operational synergies and enhance service offerings for customers worldwide.
Official Source: https://www.stattimes.com/air-cargo/ad-ports-expands-global-reach-with-mbs-logistics-acquisition-1359185
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