Latest news from Heavy Lift & Project Forwarding International Magazine

Avia Solutions buys Chapman Freeborn Group

Avia Solutions Group has agreed to acquire 100 percent of the shareholding in UK-headquartered Chapman Freeborn Group.

 

 

 

The agreement was signed in London on June 14 2019. The financial terms of the deal were not disclosed.

Chapman Freeborn Group said that it will maintain its existing product portfolio and continue to operate under the group’s existing brands including: Chapman Freeborn Airchartering, Chapman Freeborn OBC, Intradco Cargo Services, Logik Logistics, Magma Aviation, and Wings 24.

The consolidated revenue of the two entities was EUR800 million (USD894.8 million) for 2018 and are forecasted to exceed EUR1 billion (USD1.12 billion)in 2019.

Gediminas Ziemelis, chairman of the board at Avia Solutions Group, said: “This acquisition is part of our strategic plan to expand our presence in key sectors, and significantly strengthens the capabilities of our group.”

Russi Batliwala, ceo of Chapman Freeborn, added: “This is an important moment for Chapman Freeborn as we continue to expand the strength of our group around the world. Joining forces with Avia Solutions Group will provide us with a greater level of business scale, resources and expertise to accelerate growth and deliver our services to an even wider client base.”

Avia Solutions Group is a global holding company with 42 subsidiaries engaged in aircraft maintenance, pilot training, ground handling and fuelling, aviation IT solutions and business aviation.

More to follow.

www.aviasg.com

www.chapman-freeborn.com

Heavy Lift | News

Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 656
Antwerp forwarders team up thumbnail image

Antwerp forwarders team up

September 6 - Aneka and Edmond Van Dyck & Sons, two Antwerp-based freight forwarders, are merging their operations to create Steelduxx, a new entity that will be fully operational in 2020.
Views: 1292
First joint shipment for DSV Panalpina thumbnail image

First joint shipment for DSV Panalpina

September 2 - Last week, DSV Panalpina delivered thrust reverser engine parts from Huntsville, USA to Luxembourg – the first shipment handled by the new organisation’s combined network.
Views: 1655
PSA acquires Penn Terminals thumbnail image

PSA acquires Penn Terminals

September 2 - PSA International has acquired Penn Terminals, located on the Delaware River in the USA, from Macquarie Infrastructure Partners.
Views: 1394

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.