Menzies Aviation acquires 50.1% stake in Groundforce Portugal to strengthen handling capacity
Acquiring Company
Menzies World Cargo
Acquired Company
Groundforce Portugal
London
PortugalTransportationTravelTransportationTravelAir TransportationAerospaceDescription
Menzies Aviation, a leading service partner to the world’s airports and airlines, has completed its acquisition of a 50.1% stake in Groundforce Portugal. This acquisition secures a 65% market share in Portugal and marks a significant milestone in the recovery and revitalisation of the ground handling company, reinforcing Menzies’ commitment to strengthening handling capacity across the aviation network in Portugal.
Quick answer
Menzies World Cargo is acquiring Groundforce Portugal, announced June 6, 2024. Menzies World Cargo is based in London, England, United Kingdom.
- How much did Menzies World Cargo pay for Groundforce Portugal?
- The deal value was not disclosed.
- What does Menzies World Cargo do?
- Menzies World Cargo is a global provider of cargo services and ground handling solutions.
- Where are Menzies World Cargo and Groundforce Portugal based?
- Menzies World Cargo is based in London, England, United Kingdom. Groundforce Portugal is based in Portugal.
- Who are the decision-makers at Menzies World Cargo?
- Fundz holds 2 contacts at Menzies World Cargo. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Groundforce Portugal?
Groundforce Portugal was acquired by Menzies World Cargo, based in London. The deal was reported on June 6, 2024. Menzies World Cargo is a global provider of cargo services and ground handling solutions. The company has a significant presence in various international airports. Menzies World Cargo is privately held and operates in Transportation.
When did Menzies World Cargo acquire Groundforce Portugal?
Menzies World Cargo's acquisition of Groundforce Portugal was reported on June 6, 2024. Menzies Aviation, a leading service partner to the world’s airports and airlines, has completed its acquisition of a 50.1% stake in Groundforce Portugal. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Groundforce Portugal do?
Groundforce Portugal manages more than 100,000 aircraft turns every year across five of the busiest airports in Portugal, where it provides ground and air cargo services to several leading global airlines. It is privately held, operating in Transportation, and is based in Portugal.
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