Major airport operator AviAlliance has completed the deal to acquire AGS Airports, which operates Aberdeen, Glasgow and Southampton airports.
The acquisition from Ferrovial and Macquarie for an enterprise value of £1.53 billion received all relevant regulatory approvals.
AviAlliance is a wholly-owned subsidiary of PSP Investments, one of Canada’s largest pension investors, which has many investments in UK infrastructure.
It has majority stakes in port operator Forth Ports and Angel Trains, the largest rolling stock company in the UK.
AGS Airports will become part of AviAlliance – joining the company’s global airport network, which also includes stakes in Athens, Düsseldorf, Hamburg, and San Juan (Puerto Rico) airports.
In 2024, these four facilities together handled 80 million passengers.
AviAlliance additionally announced the appointment of Kam Jandu as CEO of AGS Airports with immediate effect.
Jandu most recently served as CEO of Budapest Airport.
CEO Andy Cliffe has left AGS Airports by mutual consent.
Gerhard Schroeder, Managing Director of AviAlliance, said: “We are delighted to formally welcome AGS Airports and look forward to developing a constructive and long-lasting partnership with all three airports.”
“Aberdeen, Glasgow and Southampton airports are excellent assets with strong growth potential.”
