MENZIES COMPLETES PURCHASE OF FR8 IN AMSTERDAM
Menzies Aviation Group, the aviation division of John Menzies plc, has completed its acquisition of Fr8, a independent cargo operation at the Amsterdam airport.
Beheersmaatschappij Lubbers BV sold Fr8 to Menzies for 16.7 million euros ($16.3 million). Menzies had considered leasing Fr8’s cargo handling system, but then decided to purchase the company.
The acquisition links “one of Europe’s key air-freight hubs with our existing cargo handling, road feeder services and forwarding operations in the U.K.,” said Peter Smith, chief executive of Menzies Aviation Group.
MENZIES COMPLETES PURCHASE OF FR8 IN AMSTERDAM
