Logistics

IPA Steel: The Jewel of Altamira That Was Not for Sale

Logistec acquired 100% of Inmobiliaria Portuaria de Altamira (IPA) in mid-February 2026, marking its entry into the Mexican market. The terminal, founded in 2009, grew from 400,000 tons in its first year to peaks close to three million tons. According to Jurgen Hess, the negotiation began as a commercial alliance just over a year ago, evolving into a total purchase after exhaustive due diligence.