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FCC sells Flightcare to Swissport for 135 million euro

10/05/2012

FCC sells Flightcare to Swissport for 135 million euro

  • The agreement includes the activities in Spain and Belgium
FCC sells Flightcare to Swissport for 135 million euro

FCC has reached an agreement to sell its handling business in Spain and Belgium, which operates under the Flightcare brand, to Swissport for 135 million euro. The transaction is subject to the approval of the relevant airport authorities in the EU as well as in the countries involved.

Flightcare in Spain and Belgium had a workforce of 3,000 in 2011, served 24 million passengers and handled around 287,000 tonnes of cargo per year. This deal adds handling activities to Swissport's portfolio, making it a provider of end-to-end services in Brussels Airport.

Per H. Utnegaard, President & CEO of Swissport International, commented: “We are very pleased to conclude the acquisition of Flightcare’s great companies in Spain and Belgium, markets which represent important opportunities for Swissport. These are essentially bolt-on acquisitions in two existing core markets for Swissport that perfectly complement Swissport’s existing activities in Spain and Belgium and will enable us to grow the business most effectively. We look forward to working with staff, airport operators, and our customers to ensure a seamless transfer of the businesses, and to continue expanding our product portfolio in Spain and Belgium by applying Swissport’s highly recognised standards and processes.”

Divestment of the handling business is part of FCC's strategy to focus on its core activities: environmental and urban services, infrastructure and renewable energy.

About Swissport
Swissport provides ground services for around 108 million passengers and 3.2 million tonnes of cargo per year (the latter using 98 warehouses with a total floor area of over 350,000 square metres) on behalf of some 650 client-companies in the aviation sector. With a workforce of around 35,000 personnel, Swissport is active at 177 stations in 36 countries on five continents, and generated consolidated operating revenue of CHF 1.7 billion in 2011. (www.swissport.com)

 

About FCC
FCC is the parent company of one of Europe's leading citizen services groups, specialising in environmental services, infrastructure and renewable energies. FCC obtained 11.755 billion euro in revenues in 2011, more than half of which came from international markets, mainly Europe and America. The group operates in more than 50 countries and employs over 90,000 people.