Ardian to acquire a majority stake in Alstef Group.

Ardian, a private investment house, agreed to acquire a majority stake in Alstef Group, a provider of automated and robotic solutions for the airport, logistics and parcel sorting markets. Financial terms were not disclosed. “Alstef Group's outstanding positioning is underpinned by an excellent management team that has consistently delivered a culture of innovation and a customer-focused approach. This ethos is an asset for continuing to develop the business. We look forward to working with the Alstef Group team to expand the group's presence and continue its growth in its target markets,” Maxime Sequier, Ardian Managing Director Expansion.