Fernweh Group with AZZ Inc., have completed the joint venture partnership involving AZZ Infrastructure Solutions, with AZZ selling a 60% interest in AIS JV to Fernweh at an enterprise value of $300 million. AIS will rebrand as Avail Infrastructure Solutions.
Fernweh Group is pleased to announce that Fernweh has completed the acquisition of Dabico Airport Solutions, the airports business of Switzerland-based Cavotec. The acquisition represents Fernweh’s investment in the aerospace/aviation industry as a part of its overall strategy to build a global ground support equipment franchise.
Dabico Airport Solutions – the airports division being divested from the Cavotec group – is launching a raft of innovative 400Hz power supply and integrated operational control solutions that enable airlines and airport operators to improve the health and safety of passengers and employees, and the efficiency and sustainability of their operations.
Dabico, (the airports division being divested from the Cavotec group), will showcase its innovative ground support equipment solutions at the Dubai Airport Show 2022 and demonstrate how its solutions enable airlines and airport operators to maximise safety, availability, efficiency, and sustainability.
Cavotec Airports will be re-branded to Dabico Airport Solutions, following its upcoming divestment from the Cavotec group. With a renewed focus on growth, innovation, and service, Dabico Airport Solutions is set to expand its existing offering that enables its customers to maximise safety, availability, efficiency, and sustainability.
Dabico Airport Solutions is a leading supplier of innovative ground support equipment for airports all over the world. With extensive experience and technological expertise, we enable customers to maximise safety, availability, efficiency, and sustainability.
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