CVC DIF, the infrastructure arm of global private markets manager CVC, has agreed to acquire CTC Moyson Airport Equipment from the Moyson family and SPS International from Strikwerda Investments and management.
The investments in SPS and CTC Moyson will be made through CIF III, CVC DIF’s latest value-add infrastructure fund.
Combining SPS, CTC Moyson and CVC DIF-owned HiSERV will create one of the largest ground support servces (GSE) leasing and service providers in Europe. With nearly 12,000 GSE units at 30 airports, the combination delivers a full-scale product and services offering.
The HiSERV platform will be led by CEO Roland Ueckert. Current CEOs Paul Schmitz of SPS and Tom Moyson of CTC Moyson will reinvest and continue as part of the leadership team.
SPS International is based in the Netherlands and provides leasing and maintenance services primarily at Schiphol airport. The company focuses on design, manufacturing, maintenance and leasing of non-motorised GSE.
CTC Moyson is a full-service GSE lessor with a strong presence in Belgium. The company services its loyal customers with leasing and maintenance, predominantly in motorised GSE, through three workshops at key Belgian airports.
“HiSERV, SPS International and CTC Moyson are united by the desire to offer customers high-quality products and innovative services. Becoming part of the HiSERV platform puts us in a position to even better serve our customers across Europe. I am very much looking forward to our exciting future together,” said Tom Moyson, CEO of CTC Moyson.
Paul Schmitz, CEO of SPS, added: “The GSE market is evolving rapidly. By joining forces with HiSERV and CTC Moyson, we can better capitalise on emerging opportunities.”
Roland Ueckert ,CEO of HiSERV, said: “With CTC Moyson and SPS, we join forces with two excellent companies that have been offering first-class quality for years, making them an ideal fit with HiSERV. Further growth is foreseen, and we are on track to becoming Europe’s market leader. I am personally delighted to collaborate with the exceptional individuals, Tom Moyson and Paul Schmitz, and their teams.”
Willem Jansonius, partner and head of CIF Investments at CVC DIF, said: “We are convinced that by establishing a pan-European leader in GSE leasing we will be able to service the aviation ground service market with an improved offering. We have identified clear synergies and significant growth opportunities ahead and look forward to growing the platform.”
The transactions are expected to close in Q4 2024.
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