Avia Solutions Group (ASG) has signed an agreement to acquire Aviator, a full-range aviation services provider for the Nordic region, from the investment fund Accent Equity 2008 L.P.
“As the newest member of the ASG family, Aviator will further strengthen our presence in the European markets and expand the network of Avia Solution Group’s ground handling stations.,” said Gediminas Ziemelis, chairman of the board of Avia Solutions Group. “This acquisition adds further scale and value to ASG’s aggregated ground handling business, now consisting of Aviator and Baltic Ground Services (BGS).”
Upside earnings opportunities for the group will be realized through the provision of additional services, such as fueling and line maintenance, at Aviator’s stations as well as through synergies in purchasing of ground handling equipment and the use of proprietary operations management software. Aviator’s long-standing customer relationships with key airlines will also benefit other Avia Solutions Group’s business units.
“We are very pleased that Aviator is now a member of Avia Solutions Group and we look forward to strengthening our position together with such a strong industry player. Aviator will undoubtedly gain advantage both from the experienced Group’s management and subsidiary companies,” said Jo Alex Tanem, CEO of Aviator.
“Having developed Aviator from a group of entrepreneurial, local ground handlers into the leading Nordic professional player it is today, it is highly satisfying to be able to find a stable, industrial home for the group,” said Benny Zakrisson, chairman of Aviator group and partner at Accent Equity Partners AB, adviser to Accent Equity.
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