Swissport takes majority stake in Düsseldorf Airport cargo handling unit

Photo: Swissport

Swissport has closed the acquisition of a 74.9% stake in Flughafen Düsseldorf Cargo, the cargo handling unit of Düsseldorf Airport.

Starting August 17, Swissport Deutschland and Flughafen Düsseldorf have embarked on a long-term joint venture partnership at Düsseldorf Airport, operating under the new name of Swissport DUS Cargo Services.

First announced in March this year, the deal sees Düsseldorf become Swissport’s second-largest air cargo site in Germany.

The Düsseldorf joint venture aligns with Swissport’s global mergers and acquisitions (M&A) plan.

Last year, the company acquired Alitalia’s ground handling unit at Rome-Fiumicino Airport in Italy.

“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,” said Pablo von Siebenthal, Swissport’s global head of Mergers & Acquisitions.

“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.”

Bruno Stefani, Swissport’s chief executive for Germany, Switzerland, Austria and Italy said the deal “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 fuelling,” he added.

Swissport to acquire majority stake in Düsseldorf Airport’s cargo handling unit

Share this story

Related Topics

Latest acquisitions news

Scan Global Logistics set to expand to Brazil with latest deal

Fast-growing freight forwarder Scan Global Logistics (SGL) looks set to continue its global expansion with the addition of a presence…

Read More

Share this story

Mondiale VGL expands in Asia with Interunion takeover

New Zealand-headquartered freight forwarding and logistics company Mondiale VGL has acquired Southeast Asia-based multimodal forwarder Interunion. Prior to the acquisition,…

Read More

Share this story

OIA expands to Ireland with acquisition of Sandford Freight

US supply chain services company OIA Global has extended its European network to Ireland with the acquisition of Dublin-based multimodal…

Read More

Share this story

Rebecca Jeffrey

Rebecca Jeffrey
New to aviation journalism, I joined Air Cargo News in late 2021 as deputy editor. I previously worked for Mercator Media’s six maritime sector magazines as a reporter, heading up news for Port Strategy. Prior to this, I was editor for Recruitment International (now TALiNT International). Contact me on: [email protected]