Abu Dhabi – Mubasher: ADNOC Logistics & Services (ADNOC L&S) has acquired an 80% stake in Navig8 TopCo Holdings for $1.04 billion (AED 3.80 billion), according to a press release.
The UAE-based group has committed to own the remaining 20% in mid-2027 for deferred consideration of between $335 million and $450 million (AED 1.20 billion to AED 1.70 billion).
The acquisition deal boosts ADNOC L&S’ transformational growth strategy and reinforces its position as a leading global energy maritime logistics company.
This value-accretive acquisition is expected to boost ADNOC L&S’ earnings per share (EPS) by at least 20% in 2025 compared to 2024.
Additionally, the ADX-listed company will unlock a significant value of at least $20 million (AED 73.40 million) in synergies annually from 2026.
Abdulkareem Al Masabi, CEO of ADNOC L&S, said: “By integrating Navig8’s extensive fleet and global presence, we can enhance our service offerings, generating substantial value for customers and shareholders.”
“This strategic move unlocks new opportunities for commercial growth and expansion into new markets, reinforcing our position as a leading global energy maritime logistics company,” Al Masabi mentioned.
Navig8 is a global shipping pool operator and commercial management company with a modern-owned fleet of 32 tankers and a presence in 15 cities across five continents.
