AD Ports snaps up German freight forwarder MBS Logistics

Abu Dhabi-based AD Ports Group is expanding its global logistics footprint with the acquisition of German freight forwarder MBS Logistics in a deal valued at AED300m ($82m). The transaction will give AD Ports full ownership of MBS Logistics’ core business, excluding its joint ventures. MBS operates an asset-light freight forwarding business focused on Germany and …

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