Oct 09 2010 |
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Dnata completes its largest acquisition to date
Dubai, 9 Oct. 2010 (WAM) - Dnata , the international airport and travel services company headquartered in Dubai, today announced it will acquire a 100 percent share of Alpha Flight Group Ltd (Alpha).
Alpha, which is being acquired from Milan-based Autogrill S.p.A. (Milan: AGL IM), is a leading international in-flight catering business with a turnover of GBP360 million (AED2.3 billion) and employs over 5,800 staff in 11 countries. It produces over 120,000 meals per day at 58 airports globally.
The acquisition will increase Dnata’s international portfolio significantly, with the company’s ground handling and catering operations now set to operate in 70 airports in 17 countries. The effective date for the transaction is expected to be by 31st December 2010.
"Alpha will complement our existing ground handling and catering operations in Dubai and internationally. The company has a very strong and dynamic management team and I am confident that together we can further develop the business, in line with the outstanding service and quality that Dnata is renowned for." It is Dnata 's fifth significant acquisition in the airport services sector in the last four years and consolidates Dnata 's position as a significant player in the global industry.
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