Swissport has signed a share purchase agreement to acquire a majority stake in CV Handling, the main ground handling provider across seven airports in Cabo Verde.
The majority stake deal follows a competitive privatisation process led by the Cabo Verdean government among international aviation services providers, where Swissport was selected as the preferred bidder.
This acquisition enhances Swissport’s presence in Africa, where it already operates 30 stations in six countries, including Algeria, Morocco, Ghana, Kenya, Tanzania and South Africa.
With Swissport now a majority shareholder, CV Handling will gain access to Swissport’s global operational standards, advanced digital solutions, and its international network.
The company plans to invest in infrastructure upgrades, operational improvements, and the introduction of advanced digital tools and training facilities.
Swissport will also use its global expertise across ground handling, air cargo, airport lounges and fuelling operations to improve the ground operations and service levels at the airports.
Sal and Praia will benefit in particular as they continue to build their positioning as regional aviation hubs, said Swissport.
“We are building a long-term strategic partnership with Cabo Verde’s aviation community, including airports, airlines, and the government,” said Warwick Brady, president & chief executive of Swissport International.
“We are determined to help develop a resilient, future-ready ground handling operator that supports the country’s economic growth, tourism and connectivity over the long term.
“We will invest in innovation, sustainability, and people – key drivers of our success. By combining Swiss efficiency with Cabo Verdean hospitality, we will provide the best service with the highest standards of operational excellence and safety to our customers and partners across the country.”
This acquisition is part of Swissport’s ambition to accelerate growth across its core business lines -ground handling, air cargo, and aviation hospitality- both in established markets and new geographies through strong organic growth and strategic mergers and acquisitions.
The closing of the transaction remains subject to customary closing conditions, including regulatory approvals.
