Swissport successfully concludes acquisition of Aerocare
Swissport International Ltd. successfully concluded the acquisition of Aerocare with effect from March 7, 2018. The Swiss company, global market leader in ground and cargo handling, now holds 100% of the leading ground handler in Australia/ New Zealand.
With effect from March 7, 2018, Swissport International Ltd. (Swissport) has concluded the acquisition of Aerocare and its subsidiaries Skycare, Carbridge and EasyCart from Archer Capital and the Aerocare management. Swissport now holds 100% of Aerocare, the leading Aviation Services and Airport Infrastructure Services provider in Australia/ New Zealand.
The acquisition of Aerocare was announced in November 2017. It has received all regulatory approvals, including that of Australia’s Foreign Investment Review Board.
“The integration of Aerocare into Swissport is a key milestone in the execution of our growth strategy”, said Eric Born, Group President & CEO of Swissport. “Aerocare provides us with an entrance into Australia and New Zealand and it will serve as our platform to expand in the fast-growing Asia-Pacific markets.”
Founded in 1992, Aerocare is today the market leader in the region. It employs more than 3’000 staff and provides services to major domestic and international airlines across 36 airports in Australia and New Zealand. Swissport, via its Aerocare acquisition, gains access to a very attractive client base. The company manages more than 160’000 flights and serves some 15 million passengers annually. This adds roughly 6% to Swissport’s overall volume of passengers served, which stood at 250 million across its global network in 2017, now increasing to 265 million including Aerocare.
The management team of Aerocare will continue to run the business in Australia and in New Zealand from its Australian office. This is to ensure continuity in service quality and in client-relations management. The management team will also play a key role in further developing the Swissport organization in the Asia Pacific region.
“The Aerocare colleagues are committed to delivering best-in-class customer service, matching Swissport’s high standards of excellence and safety. There is an exceptional cultural fit between the two companies and I am confident that we will jointly continue our success story in the region and beyond”, said Eric Born.
Swissport International Ltd., on behalf of more than 850 client-companies, provides best-in-class airport ground services for some 265 million passengers annually, and handles approximately 4.7 million tonnes of air cargo at 133 warehouses world-wide. Several of its warehouses have been certified for Pharmaceutical Logistics by IATA’s CEIV. With a workforce of 68,000, the world’s leading provider of ground and air cargo services is active at 315 airports in 50 countries across all five continents. In 2017, the group generated consolidated operating revenue of EUR 2.8 billion.
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