CHEP Aerospace Solutions is to be sold to infrastructure fund company, EQT Infrastructure II, in a transaction due to be completed during November 2016.
CHEP was formed by Brambles in 2011 following the acquisition and integration of a number of unit load device (ULD) companies. The Australian logistics firm has sold it to EQT in a $130 million Australian dollar deal.
The existing CHEP leadership team will remain in place and EQT Infrastructure says it will continue to strengthen the company’s capabilities.
CHEP Aerospace Solutions president, Dr Ludwig Bertsch says: “We are excited to join EQT Infrastructure, one of the world’s most respected infrastructure funds, which combines the very best people with the industry expertise in infrastructure management that will allow us to continue to grow and provide smarter solutions and unparalleled customer service to the aviation industry.”
EQT Partners director and investment advisor to EQT Infrastructure, Ulrich Kollensperger adds: “The Company has a proven business model, an impressive customer base and a promising pipeline of prospective airline clients.
“The industrial board of directors including senior leaders with aviation expertise will support CHEP Aerospace Solutions in growing its asset base and offer pooling, management, maintenance and repair to more airlines globally.”
CHEP manages approximately 100,000 ULDs and serves more than 90 airlines across a network of 48 global services centres and 420 airports. It will retain its headquarters in Switzerland, along with regional operations centres in the UK, Thailand and the USA, and global service centres in Europe, Middle East and Africa, Asia Pacific and the Americas.