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NEWS Last modified on October 1, 2013

ADC & HAS Airports Worldwide completes transaction of former TBI assets

ADC & HAS Airports Worldwide has completed the purchase of the bulk of TBI Limited's former airport assets in Europe and the US for €300 million.

The transaction includes the purchase of 100% of the shares in Belfast International Airport, a 90.1% stake in Stockholm Skavsta Airport and 100% of the shares in the concession, which operates at Florida’s Orlando Sanford International Airport.

Also included in the deal are 100% of the shares of TBI Airport Management, which has operations contracts at Hartsfield-Jackson Atlanta International Airport's Concourse E; Bob Hope Airport in Burbank, California; the Middle Georgia and Macon Downtown airports in Georgia; and Raleigh Durham International Airport’s Terminal 2 in North Carolina.

“We are delighted to have completed this significant transaction,” says Jeff Scheferman, president and CEO 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.”

He adds: “Our ADC & HAS Airports Worldwide 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.”

Dot Gade Kulovuori, managing director of Stockholm Skavsta. enthuses:  “It is a great day in the airport’s history and we are excited to welcome ADC & HAS Airports Worldwide as the new majority owner of Stockholm Skavsta Airport.

"We roll up our sleeves and look forward to further develop the airport for future growth.”

Belfast International Airport's managing director, John Doran, states: "As the 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.

“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 Airports Worldwide isa privately-held company whose sole business is investing in, developing and operating airports worldwide. 

It 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.

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