Swissport completes acquisition of Servisair
Swissport announced that the acquisition of Servisair from Derichebourg group has been completed today. On 2nd August Swissport announced that it had entered into a definitive agreement to acquire Servisair. Financial terms were not disclosed. All required regulatory approvals were obtained before closing.
With the closing, Swissport, owned by PAI Partners, now employs more than 55,000 personnel, and the company's network exceeds 255 stations in 44 countries. Swissport’s expanded and comprehensive service offering will compliment more than 700 customers, which equates to more than 3.9 Mio flights and 224 Mio passengers served per annum. An estimated 4 Mio tons of cargo are moved and 120 warehouses are operated worldwide throughout the combined network.
"The acquisition is an essential part of Swissport's growth strategy. Our customers will benefit from the enlarged global network, the increased portfolio of value-added services, the combined operational excellence and the consistent service quality worldwide”, said Per H. Utnegaard, Group President and CEO of Swissport International. “We are very much looking forward to welcoming the employees from Servisair and to combine the strengths of Servisair and Swissport.”
The integration of Servisair into Swissport will start beginning of January 2014 with a completion expected within 2014.
Swissport is the world's largest provider of ground and cargo handling services in the aviation industry. The company provides ground services on behalf of some 700 client-companies and handles around 224 million passengers and 3.9 million flights per year. The company operates 120 warehouses and moves approx. 4.0 million tonnes of cargo. With a workforce of around 55,000 personnel, Swissport is active at more than 255 stations in 44 countries across five continents, and generates annual consolidated operating revenue of CHF 3 billion.