Airline catering company gategroup has strengthened its Northern European network through the 100% acquisition of LSG’s (Luftfahrt-Service-Gesellschaf) operations in Latvia and Estonia from private equity and investment firm Aurelius.
The “highly complementary” transaction expands gategroup’s operational Nordics network into the Baltic region. It adds LSG’s established inflight catering and onboard retail operations at Riga and Tallinn airports to gategroup’s network.
The acquisition forms part of gategroup’s long-term growth strategy, which is centred on three pillars: organic growth across its existing global network, responding to the increasing trend of airlines outsourcing catering operations, and pursuing selective expansion opportunities.
The acquired business employs approximately 250 people across the two locations and operates as an inflight caterer and retailer at both at both Riga (Latvia) and Tallinn (Estonia) airports.
According to gategroup, the business will continue to operate with a focus on ensuring continuity for customers and stakeholders while supporting future growth across both its airline catering and retail-onboard activities.
“This acquisition is a perfect fit for our European growth strategy,” said gategroup President Europe Herman Anbeek.
“By welcoming these highly efficient, standalone operations in Riga and Tallinn into our network, we are not only expanding our regional footprint to the Baltic region but also enhancing our ability to serve customers across our network. We look forward to strengthening our relationships with established airline partners.” ✈
