ADC & HAS Airports Worldwide has completed the acquisition of airport assets in Northern Ireland, Sweden and the USA from TBI Ltd for a purchase price of €297 million. The transaction includes the purchase of 100% of the shares in Belfast International Airport, 90.1% of the shares in Stockholm Skavsta Airport, and 100% of the shares in the concession that operates at Florida’s Orlando Sanford International Airport.
Also included in the acquisition are 100% of the shares of TBI Airport Management, which has operations contracts for various airports including Concourse E and the Maynard Jackson International Terminal at Hartsfield-Jackson Atlanta International Airport; Bob Hope Airport in Burbank, California; the Middle Georgia Airport and Macon Downtown Airport in Georgia, and Raleigh Durham International Airport’s Terminal 2 in North Carolina.
“We are delighted to have completed this significant transaction,” said Jeff Scheferman, President and Chief Executive of ADC & HAS Airports Worldwide. “This acquisition adds two international airports serving European capital cities and more than 700 experienced airport personnel, serving more than 35 million passengers annually.
“Our platform is a long-term operating investor and we have ambitious plans to operate, grow and hold these assets. Airports are our only business and we are truly looking forward to working with our management teams at each of our new assets to develop the potential of our people, drive innovation and expand the opportunities now open to our group.”
“As Belfast International Airport enters into the final stages of its 50th anniversary year celebrations, we are delighted to warmly welcome the strength and experience of ADC & HAS Airports Worldwide onboard as our new owners,” said John Doran, Managing Director. “Their arrival will assist the airport to fully realise our development potential in support of the Northern Ireland economy as we embark upon the next 50 years of operation.”
ADC & HAS is a privately held company whose sole business is investing in, developing and operating airports worldwide. The company currently owns 48.75% of the shares in the Juan Santamaria International Airport in Costa Rica’s capital city of San José, and 45.0% of the shares in the concession to develop and operate the Daniel Oduber Quirós International Airport serving Costa Rica’s growing Guanacaste tourist region.