Swissport International, an airport cargo handler, has taken over Aerocare, a similar operator in Australia and New Zealand airports.
Swissport International, an airport cargo handler, has taken over Aerocare, a similar operator in the Australia and New Zealand airports.
The acquisition also includes Aerocare’s subsidiaries Skycare, Carbridge and EasyCart from Archer Capital and the Aerocare management.
Financial terms of the deal were not disclosed.
Swissport announced its intention to acquire Aerocare in November. The deal has received all the regulatory approvals, including that of Australia’s Foreign Investment Review Board.
“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,” said Eric Born, Swissport’s group president and CEO, in a statement.
Aerocare employs more than 3,000 staff and provides services to domestic and international airlines across 36 airports in Australia and New Zealand. The management of Aerocare will continue to run the business in Australia and in New Zealand from its Australian office, Swissport said.
Swissport acquires Australian air cargo handler
