The global airport group that includes Stockholm Skavsta has a new owner – France’s Vinci Airports.
France’s Vinci Airports has agreed to buy the management portfolio of US-based operator Airports Worldwide, expanding its presence in Europe – including Sweden – and getting a foothold in the United States, the world’s biggest aviation market.
Vinci is buying a portfolio that includes operations at 12 airports located in the United States, Costa Rica, Northern Ireland and Sweden. However, financial details have not been disclosed.
The Swedish airport to be handed over in the deal is Stockholm Skavsta, the international airport near Nyköping which is around 100 kilometres southwest of Stockholm and is served mostly by low-cost carriers and cargo operators.
Vinci calls itself a global developer of airports, today operating 36 airports in seven countries. Becoming part of that network will be “very exciting”, says Joakim Lindholm, manager of airport operations at Skavsta.
The French company will provide experience and expertise for the development journey the airport has begun in recent years, he adds.
West of Europe
However, despite Lindholm’s enthusiasm, the main motivation for the deal lies much further west of Stockholm.
“This acquisition allows Vinci Airports to make a strategic move into the United States, giving it an entry point into the world’s largest air transport market,” Vinci’s statement reads.
The agreement will raise its global network to 45 airports and increase the number of passengers at its airports by 25.6 million to more than 182 million a year, the news agency Reuters reports.
Vinci’s current strategy is to expand into faster growing and more profitable concessions such as airports outside France, which is suffering a weaker construction market. It is buying the stake from Omers Infrastructure, which is part of a pension plan for municipal employees in the Province of Ontario, Canada.