Dnata completes its largest acquisition to date
Dubai: Dnata, the Dubai-based airport and travel services company, on Friday announced it will acquire a 100 per cent share of Alpha Flight Group Ltd (Alpha) from Milan-based Autogrill.
Alpha, is a leading international in-flight catering business with a turnover of 360 million pounds (Dh2.3 billion) and employs over 5,800 staff in 11 countries. It produces over 120,000 meals per day at 58 airports globally.
The acquisition will increase Dnata's international portfolio significantly, with the company's ground handling and catering operations now set to operate in 70 airports in 17 countries. The effective date for the transaction is expected to be by 31st December 2010.
"This acquisition reflects Dnata's long-term strategy to expand and develop our international network," said Gary Chapman, President Dnata.
"Alpha will complement our existing ground handling and catering operations in Dubai and internationally. The company has a very strong and dynamic management team and I am confident that together we can further develop the business, in line with the outstanding service and quality that Dnata is renowned for."
It is Dnata's fifth significant acquisition in the airport services sector in the last four years and consolidates Dnata's position as a significant player in the global industry.
Dnata, part of the Emirates Group,It has four business divisions: airport ground handling, cargo handling, travel services and IT services. It has airport operations at 21 airports in nine countries. Dnata celebrated its 50th anniversary last year.
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