EQT successfully completes deal for CHEP

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EQT Infrastructure completed the acquisition of CHEP Aerospace Solutions from Brambles yesterday (30 November).

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 day-to-day business of CHEP will continue to be managed by the current executive leadership team who will be actively supported by a board of directors, which includes senior leaders with relevant aviation expertise.

The newly appointed board of directors includes Peter Nilsson who will serve as chairman of the board; Robert A. Milton who was previously chairman and chief executive officer of Air Canada; Vagn Sørensen and Ulrich Köllensperger.

CHEP Aerospace Solutions president, Dr. Ludwig Bertsch says: “I am very pleased that the acquisition of our company by EQT Infrastructure has been successfully completed. CHEP Aerospace Solutions is going through a period of growth, and the feeling of our staff and customers is that under the new ownership we will be better equipped to keep this momentum going.

“EQT Infrastructure is eager to support the growth of our business and its financial capabilities, entrepreneurial spirit and the active involvement of such a high caliber industrial board of directors will definitely help us reach our objectives.”

Last month, Singapore Airlines Cargo (SIA Cargo) awarded a long-term unit load device (ULD) management to CHEP.