Dnata to acquire remaining shares in Alpha LSG UK

Dnata to acquire remaining shares in Alpha LSG UK
Dnata to acquire remaining shares in Alpha LSG UK

Thank you for reading the news about Dnata to acquire remaining shares in Alpha LSG UK and now with the details

Aden - Yasmine El Tohamy - Dnata has announced an agreement to purchase the remaining 50 per cent of its UK inflight catering joint-venture, Alpha LSG, from the LSG Group.

The acquisition expands -based dnata's international portfolio, and will make it the sole shareholder of the biggest inflight catering, on-board retail and logistics company in the UK. The transaction is now subject to regulatory approval. Alpha LSG was formed in 2012 by the dnata-owned Alpha Flight Group and LSG Sky Chefs; each holding a 50 per cent share of the business. The agreed share purchase has the full support of the LSG Group and Alpha LSG operations will continue as usual.

Since its formation, Alpha LSG has grown into a competitive, industry-leading business. It has revenue of over £290 million and employs 3,500 people across 15 airport catering facilities and two central production facilities in the UK. Each year it produces over 30 million meals, serving more than 160 thousand aircraft belonging to its 80 customers.

Robin Padgett, divisional senior vice president, dnata, said: "Alongside the LSG Group, we have built a high-performing business in the UK and have helped our airline customers deliver innovative, world-class solutions for their customers."

We appreciate the strong partner we have had in LSG over the past seven years and are excited to build on our success and bring Alpha LSG's employees into the dnata family."

The proposed purchase of Alpha LSG follows dnata's increased investment in its catering portfolio this year, having opened new facilities in Houston, Boston, Los Angeles, San Francisco and Vancouver. Dnata's rapidly expanding catering division now boasts over 10,000 employees who are focused on providing quality catering, inflight retail and F&B solutions across the globe.

Jochen Müller, COO at LSG Group, said: "We would like to thank Alpha LSG employees for their dedicated service over the years, as well as our JV partner, dnata, for the trusting and collaborative partnership in the highly competitive UK market. This move will help to secure the continued growth of Alpha LSG and we look forward to a smooth transition while we continue our world-leading day-to-day operations."

- [email protected]

These were the details of the news Dnata to acquire remaining shares in Alpha LSG UK for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at Khaleej Times and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV Etihad Airways celebrates 15 years of flights to Belgium
NEXT Emirates – Amazon records sales of 96.1 billion dollars and record...