Cologne, 24.03.2023 – Swissport, the world's largest provider of ground handling services and air cargo handling, will become the majority shareholder of Flughafen Düsseldorf Cargo GmbH. Under the new name Swissport DUS Cargo Services, the company will combine Swissport's global network and modern technology with the strong catchment area and expertise of Düsseldorf Airport. Swissport was advised on the merger by Luther Rechtsanwaltsgesellschaft.
Subject to approval by the cartel authorities, Swissport Deutschland GmbH and Flughafen Düsseldorf GmbH will in future jointly participate in the air cargo service provider. The shares in Swissport DUS Cargo Services GmbH are to be held 74.9 % by Swissport and 25.1 % by Flughafen Düsseldorf GmbH.
Swissport will spin off its existing air cargo handling business at Düsseldorf Airport and contribute it into the joint company. As a result, around 130 employees will work for Swissport DUS Cargo Services GmbH in Düsseldorf in the future.
Luther Rechtsanwaltsgesellschaft provided comprehensive advice to the Swissport Group on the transaction: In addition to the legal due diligence, it supported Swissport in the bidding process coordinated by Roland Berger in all legal matters and in the negotiations with the previous sole owner, Flughafen Düsseldorf GmbH.
"Luther's team provided us with excellent, very competent and reliable support in the many different facets of this transaction," said Caroline Büth, Senior Legal Counsel at Swissport International AG.
In 2022, the Swissport Group provided services for around 186 million passengers (2021: 97 million) and handled around 4.8 million tonnes of airfreight (2021: 5.1 million) in 117 airfreight centres worldwide. Several of its warehouses have been certified by IATA's CEIV Pharma and the UK's MHRA for pharmaceutical logistics. The world's leading provider of ground handling services and air cargo handling, with currently around 50,000 employees, operates at 292 airports in 45 countries on six continents. https://www.swissport.com/en
On behalf of Swissport International AG:
Luther, Corporate/M&A: Thomas Weidlich, LL.M. (Partner, Lead), Philipp Dietz, LL.M. (Partner), Falco Rohrberg, LL.M. (Senior Associate), Dr Madeleine Martinek, LL.M. (Associate).
Luther, Commercial & Distribution: Volker Steimle (Partner), Jette Gustafsson (Partner), Svenja Schwarze (Senior Associate)
Luther, Employment Law: Katharina Müller, LL.M. (Partner), Dr Christoph Corzelius (Associate), Esther Haas (Associate)
Luther, IT Law: Dr Michael Rath (Partner), Franziska Neugebauer (Associate)
Luther, Intellectual Property & Copyright: Dr Detlef Mäder (Partner), Anja Schwarz, LL.M. (Senior Associate), Tobias Schneider (Associate)
Luther, Real Estate & Construction: Ingo Erberich (Partner), Michael Kunkel (Partner), Nurolhaq Rostamzada (Senior Associate)
Luther, Capital Markets, Banking & Finance: Christoph Schauenburg, LL.M. (Partner), Anna-Sophia Riebeling (Associate)
Luther, Insurance Law: Dr Alexander Mönnig, LL.M. (Counsel)
Luther, Competition Law: Dr Helmut Janssen, LL.M. (Partner), Martin Lawall, LL.M. (Associate), Lasse Langfeldt, LL.M. (Associate)
Luther, Tax Law: Dr Zacharias-Alexis Schneider, LL.B., LL.M. (Partner)
Inhouse: Caroline Büth (Senior Legal Counsel)