Noatum Logistics completes purchase of MIQ

The transaction, announced on March 21, gives Noatum Logistics the largest international presence among Spanish logistics companies, the company said.

   Spain’s Noatum Logistics announced Wednesday it had completed its acquisition of third-party logistics company MIQ Logistics.
   The terms of the transaction, which was announced March 21, were not disclosed. With the purchase, Noatum Logistics, the Noatum Maritime division specializing in logistics, international transport and customs, will have 90 offices, a volume of 364,000 logistics operations, 279,000 TEUs, 109,00 sea freight tons, 45,000 airfreight tons, 139,000 CBM LCL and 145,000 customs clearances, which gives it the largest international presence among Spanish logistics companies and is among the top 50 freight forwarders worldwide, the company said.
   Noatum Logistics also plans to maintain its current network of agent partners, and the workforce of MIQ Logistics, based in Overland Park, Kan., will be fully integrated.
   The acquisition also gives Noatum Maritime a direct presence in 26 countries with more than 2,400 employees and gross revenues exceeding $1 billion, according to the press release.