The deal marks a significant development in the company’s expansion into the Americas, less than a year after announcing investments in the USA and Brazil.
GTA’s airport handling operations were launched by Mario D’Urso in 2014, who will continue as a joint partner.
The company has 130 employees, serving over 1,400 flights annually. It handles over 58,000 tonnes of cargo each year at its state of the art 83,000sqft warehouse facility at Toronto Pearson.
In under three years, GTA has successfully secured handling contracts with several important airline customers, which dnata claims is based on its reputation for delivering a high quality and customer-focussed product.
Key customers include Lufthansa, Austrian Airlines, Brussels Airlines, Cargojet, China Southern Airlines, Emirates, Ethiopian Airlines, Fly Jamaica, Korean Air, SWISS and WestJet.
The transaction does not include GTA’s other businesses including GSE sales and maintenance, which will continue to be owned and managed by Mario, Angelo and Domenic D’Urso.
The Mississauga-based company’s cargo and ground handling operations will be rebranded to 'GTA dnata'.
Current CEO, Gary Ogden, will continue to manage the business and operations. All current management and employees will also remain with the company.
“This investment in GTA is another important milestone for dnata," enthuses Stewart Angus, dnata’s divisional senior vice president of international airport operations.
"It allows us to fulfil our strategy to provide the highest level of customer service in the key markets across the Americas.
"We are very impressed with the way GTA is managed by Mario, Gary and their team and look forward to playing our role in helping GTA develop in the next phase of its growth in Canada, and building on the excellent foundations that already exist.”
Mario D’Urso, GTA’s owner and chairman, says: “Dnata’s commitment to service and safety excellence and its continued investment in its product is in line with our philosophy and ensures our customers will continue to receive the quality service they expect.
”Having started the company with the concept of service excellence, I am confident that GTA will continue to flourish as part of the dnata team.”
In the past five years, dnata has steadily expanded its international operations with a series of partnerships and acquisitions.
Within the last year dnata has announced investments in cargo facilities in Amsterdam and operations in Milan as well as 26 airports in Brazil and 25 airports in the USA.
Established in 1959, dnata ensures the aviation industry operates smoothly and efficiently for 400 airline customers in 131 airports across the Middle East, Europe, Asia Pacific, Africa, North America and South America.