Swissport International has concluded the acquisition of Aerocare – leading ground handler in Australia/ New Zealand –with effect from 7 March 2018.
Swissport’s 100 per cent acquisition of Aerocare includes its subsidiaries Skycare, Carbridge and EasyCart from Archer Capital and the Aerocare management.
The acquisition of Aerocare was announced in November 2017 and has now 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, it said.
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, Swissport said. The management team will also play a key role in further developing the Swissport organisation 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 Born.
Swissport International 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. In 2017, the group generated consolidated operating revenue of EUR 2.8 billion.