Kuwait-based global logistics company, Agility has finalized its acquisition of UK-based aviation company John Menzies in a deal that creates the world’s biggest aviation services provider.
Agility will combine John Menzies with its National Aviation Services (NAS) business to create a world leader in aviation services, the company said in a statement.
Once integrated, the combined company will operate as Menzies Aviation and will be the world’s largest aviation services company by the number of countries and the second largest by the number of airports served.
Operating as Menzies Aviation, the combined company will provide air cargo services, fuel services, and ground services at airports on six continents. The new company will have approximately 35,000 employees and operations at 254 airports in 58 countries.
“This is a new chapter for Agility, Menzies, and NAS. By acquiring Menzies and combining it with NAS, Agility has the opportunity to unlock greater value in both. Agility has a strong track record of sustainable and responsible growth over the last two decades, driven both organically and through mergers and acquisitions, and this latest deal is part of our strategy to further accelerate that growth. For Agility, this deal creates the largest owned and operated – “controlled” – business in Agility’s portfolio by revenue, headcount, and global presence. We’re looking forward to seeing the new Menzies soar with Agility’s backing.”
Mr. Hassan El-Houry, Chairman of Menzies Aviation said that, “Menzies and NAS will create the world leader in aviation services. We will have the scale and resources to expand and grow as the industry recovers from the COVID-19 pandemic. Commercial aviation is a key engine of global economic growth, and our customers need partners they can count on as flight volumes return.”
“With the combination of Menzies and NAS, our customers will receive world-class service, expanded product offerings, and the industry’s best safety practices at airports on six continents. Agility’s backing gives us the resources to provide innovative solutions for growing and forward-thinking customers and to develop our talent, technology, and sustainability; critical factors for our future success. It also means we are well-positioned to support our customers in tackling supply chain challenges and labor shortages,” commented Mr. Philipp Joeinig, CEO of Menzies Aviation.