Acquisition of Belfast International, Stockholm Skavsta, and US Airport assets.
HOUSTON – ADC & HAS Airports Worldwide announces that it has completed the acquisition of airport assets in Northern Ireland, Sweden and the United States from TBI Limited for a purchase price of 297 million euros (approximately 401 million US dollars).
The transaction includes the purchase of 100% of the shares in Belfast International Airport, 90.1% of the shares in Stockholm Skavsta Airport, and 100% of the shares in the concession which operates at Florida’s Orlando Sanford International Airport. Also included in the acquisition are 100% of the shares of TBI Airport Management, which has operations contracts for various airports including Concourse E and the Maynard Jackson International Terminal at Hartsfield-Jackson Atlanta International Airport; Bob Hope Airport in Burbank, California; the Middle Georgia Airport and Macon Downtown Airport in Georgia, and Raleigh Durham International Airport’s Terminal 2 in North Carolina.
“We are delighted to have completed this significant transaction,” said Jeff Scheferman, President and CEO of ADC & HAS Airports Worldwide. “This acquisition adds two international airports serving European capital cities and more than 700 experienced airport personnel, serving more than 35 million passengers annually.”
He added: “Our ADC & HAS Airports Worldwide platform is a long-term operating investor and we have ambitious plans to operate, grow and hold these assets. Airports are our only business and we are truly looking forward to working with our management teams at each of our new assets to develop the potential of our people, drive innovation and expand the opportunities now open to our group.”
Dot Gade Kulovuori, Managing Director of the Stockholm Skavsta Airport, stated: “It is a great day in the airport’s history and we are excited to welcome ADC & HAS Airports Worldwide as the new majority owner of Stockholm Skavsta Airport. We roll up our sleeves and look forward to further develop the airport for future growth.”
“As Belfast International Airport enters into the final stages of its 50th Anniversary year celebrations, we are delighted to warmly welcome the strength and experience of ADC & HAS Airports Worldwide on-board as our new owners,” stated John Doran, Managing Director. Further, he added: “Their arrival will assist the airport to fully realize our development potential in support of the Northern Ireland economy as we embark upon the next 50 years of operation.”
“TBI US is delighted to be joining forces with global operator ADC & HAS Airports Worldwide” said TBI President Larry Gouldthorpe. “We believe that in many ways, this acquisition represents the best possible outcome for the combined business in terms of tapping future growth potential and unlocking the intrinsic value for our investors. We can’t wait to get started.”
ADC & HAS Airports Worldwide is a privately-held company whose sole business is investing in, developing and operating airports worldwide. The company currently owns 48.75% of the shares in the Juan Santamaria International Airport in Costa Rica’s capital city of San Jose, and 45.0% of the shares in the concession to develop and operate the Daniel Oduber Quiros International Airport serving Costa Rica’s growing Guanacaste tourist region.
TBI Limited is 90% owned by Abertis Infrastructuras, S.A. and 10% owned by AENA Desarrollo Internacional, S.A. ADC & HAS Airports Worldwide was advised by HSBC Bank plc and O’Melveny & Myers LLP as financial and legal advisors respectively.
Photo caption: Belfast International Airport.
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She holds a Bachelor's degree in Communication & Mass Media from Panteion University of Political & Social Studies of Athens and she has been editor and editor-in-chief in various economic magazines and newspapers.
