Swissport closed the acquisition of a 74.9% stake in Flughafen Düsseldorf Cargo GmbH, the cargo handling unit of Düsseldorf Airport post signing of the binding agreements earlier this year. The new joint venture, named Swissport DUS Cargo Services GmbH, started operations on 17 August 2023 under the name ‘Swissport DUS Cargo Services GmbH’.
“To complement its strong organic growth, Swissport is pursuing an ambitious M&A agenda that includes being an active consolidator in the aviation services industry as well as entering into partnerships and joint ventures globally,” commented Pablo von Siebenthal, global head, mergers & acquisitions, Swissport, “In our conversations with airports and airlines around the world we see great interest from them in either selling or partnering with us for their own ground or cargo handling operations. They realize that as the leading aviation services company in the world, Swissport is their best partner.”
This joint venture is in sync with Swissport’s global merger and acquisition plan to reinforce its global presence across the industry.
“The start of our joint operations in Düsseldorf is a moment of joy for Swissport Germany,” said Bruno Stefani, chief executive, Germany, Switzerland, Austria and Italy, Swissport. “It shows our commitment to the German market and solidifies our position in Düsseldorf and across Germany and sets the stage of further growth. Across Germany, Swissport supports airlines from all over the world with a wide range of services including ground services, cargo handling and aviation fueling.”