Announced

Completed

PrimeFlight Aviation Services completed the acquisition of Skytanking from Marquard & Bahls.

Synopsis

PrimeFlight Aviation Services, a provider of a range of aircraft, passenger and security services to airlines and airports, completed the acquisition of Skytanking, a provider of a full range of aviation fuelling services, from Marquard & Bahls, an agile, independent holding company in the energy & chemical sector. The transaction is subject to standard regulatory approvals. The purchase price consists of cash and shares in PrimeFlight. Financial terms were not disclosed. "The completion of this acquisition has opened a new chapter for Skytanking, and we are confident that under new ownership we will succeed in our strategy to see accelerated growth of both our network and service covering within our existing stations while continuing to provide high quality services through our existing operations. The expertise of PrimeFlight’s senior management, backed by the financial strength of The Carlyle Group, and paired with Skytanking’s international footprint, will allow our combined group to actively pursue ground handling, cargo handling, deicing, and GSE maintenance opportunities around the globe," Gerard Reumer, Skytanking Managing Director.

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