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State-owned AD Ports Group’s subsidiary, MICCO Logistics, has expanded its ground fleet with the acquisition of 31 tipper trucks to tap into the construction and metals manufacturing sectors, according to a statement on Monday.
The latest acquisition, with a combined transport capacity of more than 2,300 metric tonnes, will expand the company’s existing ground fleet of more than 400 vehicles. It also marks AD Ports’ entry into the construction logistics market.
“[The acquisition is] part of their effort to offer broader integrated logistics support to the UAE’s construction and metals manufacturing sectors,” the statement said.
“[It] aims to further diversify the range of services offered by AD Ports Group and enables MICCO to support increased customer demand.”
The subsidiary’s current fleet is already serving multiple sectors, including healthcare, retail, e-commerce, consumer, oil and gas, heavy lift and polymers. AD Ports is owned by Abu Dhabi’s holding company ADQ.
“Our entry into the construction sector only underlines our ambition and commitment to diversify our competitive portfolio to serve what is one of the core sectors of the UAE’s economy,” said Robert Sutton, Head of Logistics Cluster at AD Ports Group.
The new tipper fleet will be fully equipped with pre-installed fleet management systems that incorporate and integrate the latest real-time vehicle geo-fencing and telematics technology.
“Our investment into our technologically-advanced tipper fleet will help facilitate a steady and reliable supply of construction materials and products from ports and factories directly to construction sites, saving our customers costs and time,” said Clifford D’Souza, EVP and Chief Operations Officer at MICCO Logistics.
(Writing by Cleofe Maceda; editing by Mily Chakrabarty)
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