WFS and Aviapartner to join forces
Paris and Brussels, June 19th 2012 - Worldwide Flight Services (WFS) and Aviapartner join forces to create the European leader and global second largest player in ground handling services.
WFS' and Aviapartner's shareholders have agreed to combine the two companies, with Aviapartner to join WFS. The new group will be controlled by LBO France, WFS' majority shareholder. Shareholders of the new entity will include Aviapartner's shareholders including 3i, which will be represented on WFS' board of directors. The two companies present complementary profiles:
- WFS is the global leader in « Cargo handling », which represents about two thirds of its annual revenue. The group also enjoys a strong position in « Passenger handling » in the United States and in Asia
- Aviapartner is the leader in Continental Europe in the Passenger handling segment, which represents two thirds of its annual revenue. In Cargo handling, Aviapartner is mainly present in Belgium, The Netherlands and Germany
With nearly 1 billion euros of annual revenue, the new entity will become the European leader and global #2 in ground handling services. The new group will benefit from significant development opportunities in its current markets and in its international expansion. Aviapartner and WFS will leverage their complementarities, notably in Europe (Spain, the United Kingdom, Germany and Italy).
The new group will continue to develop the existing « Aviapartner » and « WFS » brands as they both benefit from strong recognition and robust reputation in the industry, particularly in terms of safety, service quality and competitiveness. Global Cargo handling activities as well as Passenger handling activities outside Europe will be run under the "WFS" brand name. The "Aviapartner" brand will be used for the development of Passenger handling activities in Europe.
The group will employ approximately 17,000 people and will continue to offer direct and indirect job opportunities in France, Belgium and other countries where it operates.
European Passenger handling activities will be managed from Aviapartner's head office and historical base in Brussels (Zaventem). The group will be headquartered at WFS' current head office in Paris.
Olivier Bijaoui, Chairman of the Management Board of WFS, will become President of the new entity. Laurent Levaux, President of Aviapartner, will be Vice-President of the new entity.
The transaction is subject to the prior approval of the relevant competition authorities.
About WFS
With more than 10,000 employees and a presence in 120 airports in 20 countries around the world (Europe, North America and Asia), WFS operates in three activities: Cargo handling, Passenger handling (ramp, baggage and passengers) and technical assistance. WFS is the global leader in Cargo handling with over 3.5 million tons of Cargo handled every year. The group also holds strong positions in its Passenger handling activities with c.50 million passengers served annually for over 300 airline companies. In 2011, the group achieved revenue of almost 600 million euros. WFS obtained the ISAGO certification in September 2010 and is deeply involved in the implementation across its global network. This certification guarantees the compliance with the highest ground safety standards.
About Aviapartner
Aviapartner, headquartered in Brussels, is the largest player in ground handling services for passengers in Continental Europe. Aviapartner provides its services to more than 400 airline companies in 32 airports in Europe and employs c. 7,000 people. The group has experienced a volume growth of 10% in 2010 and 17% in 2011 in terms of passenger services. In 2011, the group achieved revenue of almost 400 million euros. In January 2010, Aviapartner was also the first provider of ground handling services to be granted the ISAGO certification (IATA Safety Audit for Ground Operations) by the IATA (International Air Transport Association).