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Announced

Completed

Manchester Airport Group completed the acquisition of AirportParkingReservations.com, ParkSleepFly.com and ShuttleFinder.com.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Digital Services

airport parking services

Acquisition

United States

Private

Single Bidder

technology platform

Majority

Friendly

Synopsis

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Manchester Airport Group, a UK airport group, completed the acquisition of AirportParkingReservations.com, ParkSleepFly.com and ShuttleFinder.com, three airport parking, hotel and transfer booking platforms. Financial terms were not disclosed. "We know the great service and coverage that these businesses have built up over the last 20 years and together they will complement our growing MAG USA commercial services business. We are very excited to have Carlos and the team join the MAG USA family. The US market is a strategic focus for MAG’s international growth and we’re all looking forward to the journey ahead of us as the aviation market rebounds," Martin Jones, MAG USA CEO.

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