Dabico Corporation Signs Agreement to Acquire A-Bridge, LLC
CYPRESS, CA – Dabico Corporation, a Fernweh Group portfolio company, announced today they have signed an agreement to acquire A-Bridge, LLC. The proposed acquisition provides Dabico with the unique ability to serve as an end-to-end general contractor for the airport market with the ability to execute on turnkey projects related to ground support solutions.
A-Bridge is one of the largest, pure-play providers of construction, refurbishment, repair, installation and services for passenger boarding bridges and other forms of ground service equipment (GSE). A-Bridge is a U.S.-based service provider with operations based out of Indianapolis, IN and has worked with multiple marquee airports across the United States and Canada, with recent refurbishments performed at Indianapolis International Airport, Minneapolis−Saint Paul International Airport and Newark Liberty International Airport.
Dabico is a leading global player in the airport ground support solutions and engineering industry and offers a comprehensive range of solutions for both the civil and military sectors, including 400Hz and 28 VDC ground power units, pre-conditioned air systems, fuel systems, and tunnel systems. Based in the United States, Dabico is globally focused and has operations spanning North America, Europe, Middle East, and Asia. Dabico Corporation was carved out from Cavotec SA and acquired by Fernweh, a US based investment company, that is focused exclusively on industrial technology sector.
The proposed acquisition of A-Bridge will enable Dabico to be a full-service, end-to-end solution provider operating as a general contractor across all of North America. The breadth of offerings will cover design and engineering, new equipment construction, turnkey solutions, after-sales service, and extension-of-life services. A-Bridge’s unparalleled track record of supporting all tiers of airports and airlines will further extend Dabico’s reach in North America and help expand its after-market services offerings for customers across other geographies. In addition, A-Bridge’s Dew Bridge product line will enable the future combined company to partner with non-large or medium hub airports to offer world class boarding experience to their passengers.
Juergen Strommer, CEO of Dabico Corporation, noted, "We look forward to welcoming the A-bridge team into the Dabico family upon completion of the transaction. I would also like to personally welcome Jason Summers to the Dabico executive leadership team, where he will continue to drive the next chapter of A-Bridge. We are committed to delivering best-in-class services and support to our customers across the globe, while offering them the widest selection of industry-leading GSE solutions. We strongly believe the addition of A-Bridge allows us to continue to fulfill that mission for our customers.”
Jason Summers, managing director of A-Bridge LLC, noted, "We are excited to partner with Dabico Corporation and their investment partner, Fernweh. The scale and global reach of Dabico will allow us to accelerate our growth as an organization, expand our capabilities through our shared expertise, and continue to provide unparalleled service to our customers.”
A-Bridge will also join Dabico and Fernweh in hosting the 2023 Future of Infrastructure Summit, which convenes senior leaders from the airport and aviation sector. The summit, scheduled for May 2023, will serve as a forum to discuss and engage in a productive dialog on the current macro (e.g., geo-political, market regulations, tech disruptions) and micro (e.g., supply chain relocations, trade labor imbalance) trends facing the sector, and how to navigate and take advantage of them.
