Swissport completes Servisair deal, increasing employees to 55,000
Swissport International, a provider of ground and cargo handling services, announced that the acquisition of Servisair from Derichebourg SA has been completed.
With the closing, Swissport now employs more than 55,000 personnel, and the company’s network exceeds 255 stations in 46 countries.
Swissport announced Aug. 2 that it had entered into a definitive agreement to acquire Servisair, a ground services company. Financial terms were not disclosed.
“The acquisition is an essential part of Swissport’s growth strategy. Our customers will benefit from the enlarged global network, the increased portfolio of value-added services, the combined operational excellence and the consistent service quality worldwide,” said Per H. Utnegaard, group president and CEO of Swissport International. “We are very much looking forward to welcoming the employees and to integrating the business of Servisair into Swissport.”
The integration of Servisair into Swissport will start January 2014. It is expected to be completed during 2014.