UK ground services company Menzies Aviation has boosted its
presence in the Scandinavian market by acquiring Swedish freight handler Malmo Main Air Cargo.
firm has acquired the entire share capital of Malmo Main Air Cargo, which provides cargo handling
and trucking services at Malmo
It did not disclose a purchase price for the handling firm, which reported
gross assets of £2.8 million ($5.3 million) for 2005.
Parent company John Menzies’ chief
executive, Patrick Macdonald, says: “Menzies Aviation has for some time been keen to
expand its operations into the Scandinavian market. The acquisition of Malmo Main Air Cargo provides a
strong platform from which to grow.”
Malmo Main Air Cargo was acquired from
existing shareholder companies Genco
Holding, which had 70%, JCS Global Trading with 10% and APL Holding, which had 20%
– firms owned by Paul Jarlsbro,
Jan Stachowicz and Axel Loecken.