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Priceless – while it lasts.
Abu Dhabi Ports (ADP) has further expanded the range of its logistics services, announcing today it had acquired local operator MICCO Logistics for an undisclosed sum.
It is the latest development in a clear trend of Middle Eastern port operators building up their presence in the logistics sector, via acquisitions.
MICCO was the first locally registered supply chain provider, following its creation in 1978, and operates a fleet of 350 trucks, 11 logistics facilities across the Gulf Cooperation Council region and controls over 350,000 sq metres of warehousing.
The acquisition gives ADP new capabilities: in purchase order management; international freight forwarding in project, commercial and contract logistics; customs clearance; local road transport, including air road feeder services; and storage, order fulfilment and handling solutions, via its network of distribution centres.
Mohamed Juma Al Shamisi, group chief executive of Abu Dhabi Ports, said: “The acquisition of MICCO is a critical step in our emirate’s journey to establish itself as a leading hub within global trade and supply chains.
“The combined advantage of both organisations means that Abu Dhabi Ports will be able to compete on the regional and global stage as a provider of holistic logistics solutions, enhancing what we offer, while at the same time furthering our contribution to Abu Dhabi’s non-oil GDP and the government’s diversification efforts.”
Robert Sutton, head of Abu Dhabi Ports Logistics Cluster, added that the acquisition would “open doors for us to target new opportunities in segments that have been traditionally underserved, including FMCG and healthcare”.
MICCO Logistics was one of the first businesses to offer consolidated freight services to the emirate’s oil and gas industry, and was later the first logistics company to establish its presence in the Khalifa Industrial Zone Abu Dhabi, where its distribution centre includes several temperature-controlled warehouses.