London based insurance group, Howden has acquired Hudson Sky International, a specialist aviation broker in Switzerland. Financial details of the deal were not disclosed.
This acquisition is part of Howden’s wider strategy to become a leader in aviation, and underlines its continued investment in expertise to expand its product offering for Swiss and multinational clients. The acquisition will cement Howden’s position as a major force in the aviation sector as well as strengthening Howden’s geographic presence in Europe.
Apart from the acquisition, Howden has appointed Steven Crook and Wayne Hawkins to the London Aviation team.
“For us, this acquisition was an important and strategic step for Hudson Sky as we assessed our long-term development plan in an increasingly complex global market. Our clients will benefit from Howden’s industry wide expertise, placement and networking services, in addition to the usual personal service of our experienced team,” commented Martin Accola, managing director, Hudson Sky.
“We have seen a considerable increase in demand for specialised advisory services in the aviation sphere and this acquisition is a vital step as we become market leaders in this space. Hudson Sky holds extensive sector experience, and this will be essential as we meet growing client demand in the region,” according to Hans-Jörg Blumer, managing director, Aviation, Howden Switzerland.
Felix C. Jenny, CEO, Howden Switzerland, said: “Hudson Sky will bring an additional strength to our operations in Switzerland. It reflects our commitment to providing our clients with best-in-class solutions and the combination of Hudson Sky and our existing capabilities will enhance our aviation offering significantly. This acquisition is further evidence of our commitment to becoming in the leader in our chosen markets throughout Europe and I look forward to welcoming the whole team.”