AD Ports completes acquisition of majority stakes in Egypt’s Transmar & TCI

AD Ports completes acquisition of majority stakes in Egypt’s Transmar & TCI

AD Ports Group, the leading facilitator of global trade, logistics, and industry, has completed the acquisition of a 70 percent equity stake in Egypt-based maritime companies, Transmar International Shipping Company (Transmar) and Transcargo International (TCI) for $140 million.

Abu Dhabi Ports Group said in a statement that this is the first international acquisition of the company.

The acquisitions of the two maritime companies provide AD Ports Group with a market-leading platform for further growth in container, cargo, and port operations in Egypt, North Africa, and Gulf regions, as well as along the entire Red Sea.

Transmar is a regional container shipping company that operates across the Middle East, Red Sea, Arabian Gulf, and Eastern Coast of Africa. Further, TCI is a terminal operator and stevedoring company that specializes in project cargo handling, heavy lift, breakbulk, industrial breakbulk, general cargo and container handling, as well as warehousing and storage facilities.

Capt. Mohamed Juma Al Shamisi

MD & Group CEO

AD Ports Group “The successful completion of this international acquisition is another important step in our journey of global growth and market expansion in line with the vision of our wise leadership. AD Ports Group prides itself on its proven ability to invest in value-adding partnerships and acquisitions