Cinven to acquire Envirotainer from AAC Capital

Cinven to acquire Envirotainer from AAC Capital

Envirotainer Opens New Station in Guangzhou

International private equity firm, Cinven has signed an agreement to acquire all shares in Envirotainer from majority shareholder AAC Capital for an undisclosed sum.

The transaction for the supplier of temperature controlled airfreight solutions for the pharmaceutical supply chain will be formally closed when all relevant financial regulatory filings have been approved, which is estimated to be completed by late summer or early autumn.

Envirotainer chief executive officer, Michael Borg says: “Cinven is one of Europe’s leading private equity firms, with substantial activities in healthcare and a strong Nordic track-record. They have an important global contact network, a solid understanding of Envirotainer and our industry, and will be a strong financial backer for our strategy of continued growth.”

Cinven partner, Pontus Petersson says: “Envirotainer is the clear leader in a market segment we believe is very interesting, and the company consistently delivers strong growth and high performance. We are very happy to be part of Envirotainer’s continued future development.”

Newsletter

Stay informed. Stay ahead. To get the latest air cargo news and industry trends delivered directly to your inbox, sign up now!

related articles

Lufthansa Cargo launches VR training for loading supervisors

Insect season: an overlooked threat to aircraft efficiency

WFS opens specialised e-commerce and freight forwarder handling facility at Copenhagen Airport

WAIT... BEFORE YOU GO

Get the ACW Daily Newsletter for up-to-the-minute news on everything important in the airfreight industry

Logo Air Cargo Week