Menzies Aviation's Parent Company - John Menzies plc - announced the completion of the acquisition of ASIG from BBA Aviation plc for $202 million.
Agreement has been reached with the Competition and Markets Authority (CMA) to hold the ASIG operations at Aberdeen Airport separately in order to satisfy the requirements of the CMA to ultimately divest those operations and obtain UK merger clearance.
"I am delighted to announce the completion of our acquisition of ASIG," Forsyth Black, Managing Director of Menzies Aviation said. "This is a truly transformational deal and I welcome all ASIG employees into the Menzies family. Whilst ground handling is at the core of our business ASIG brings exciting new product lines to the Group giving us great opportunities to further strengthen the aviation business.”
