News / Noatum Maritime sets up MIQ Logistics purchase

US-headquartered freight forwarder MIQ is set to be sold to Spanish maritime and logistics group Noatum Maritime, in a deal that was first predicted by The Loadstar Premium in early January.

Given that MIQ’s current owner is private equity firm Austin Ventures, which bought it from US trucking company YRC Worldwide in 2010, the purchase price has not been disclosed, although in a statement Noatum said the consolidated revenues of its freight operation Noatum Logistics and MIQ would be over $600m.

Antonio ...