September 16, 2024
CVC DIF has agreed the acquisitions of CTC Moyson Airport Equipment and S-P-S International
CVC DIF agrees to combine S-P-S International and CTC Moyson Airport Equipment with HiSERV to create a leader in European aviation ground service equipment leasing.
- CTC Moyson Airport Equipment is a motorised ground service equipment specialist supporting the Belgium and Western Europe markets
- S-P-S International is a non-motorised equipment specialist with a fleet across the Benelux and Europe
- The two businesses will become part of the HiSERV platform and will together form one of the largest airport ground service equipment (GSE) providers in Europe
- CVC DIF will look to facilitate further growth across the wider European market
CVC DIF, the infrastructure strategy of leading global private markets manager CVC, has agreed the acquisitions of CTC Moyson Airport Equipment (CTC Moyson) from the Moyson family and S-P-S International (SPS) from Strikwerda Investments and management. The investments in SPS and CTC Moyson will be made through CIF III, CVC DIF’s latest Value Add infrastructure fund.
Combining SPS, CTC Moyson and HiSERV will create one of the largest GSE leasing and service providers in Europe. With nearly 12,000 GSE units at 30 airports, the combination delivers a full-scale product and services offering. The platform will be branded HiSERV and led by CEO Roland Ueckert. Current CEOs Paul Schmitz of SPS and Tom Moyson of CTC Moyson will reinvest and continue as part of the leadership team.
SPS International is based in the Netherlands and provides leasing and maintenance services primarily at Schiphol airport. The company focuses on design, manufacturing, maintenance and leasing of non-motorised GSE.
CTC Moyson is a full-service GSE lessor with a strong presence in Belgium. The company services its loyal customers with leasing and maintenance, predominantly in motorised GSE, through three workshops at key Belgian airports.
“HiSERV, SPS International and CTC Moyson are united by the desire to offer customers high-quality products and innovative services. Becoming part of the HiSERV platform puts us in a position to even better serve our customers across Europe. I am very much looking forward to our exciting future together,” said Tom Moyson, CEO of CTC Moyson. Paul Schmitz, CEO of SPS, added: “The GSE market is evolving rapidly. By joining forces with HiSERV and CTC Moyson, we can better capitalise on emerging opportunities.”
“With CTC Moyson and S-P-S, we join forces with two excellent companies that have been offering first-class quality for years, making them an ideal fit with HiSERV. Further growth is foreseen, and we are on track to becoming Europe's market leader. I am personally delighted to collaborate with the exceptional individuals, Tom Moyson and Paul Schmitz, and their teams,” said Roland Ueckert CEO of HiSERV.
Willem Jansonius, Partner and Head of CIF Investments at CVC DIF, commented: “We are convinced that by establishing a pan-European leader in GSE leasing we will be able to service the aviation ground service market with an improved offering. We have identified clear synergies and significant growth opportunities ahead and look forward to growing the platform.”
The transactions are expected to close in Q4 2024.
About CVC DIF
CVC DIF (formerly DIF Capital Partners) is a leading global mid-market infrastructure equity fund manager.
Founded in 2005 and headquartered in Amsterdam, the Netherlands, CVC DIF has c. €18 billion of infrastructure assets under management in energy transition, transport, utilities and digitalisation.
With over 240 people in 12 offices, CVC DIF offers a unique market approach, combining a global presence with the benefits of strong local networks and sector-focused investment capabilities.
CVC DIF forms the infrastructure strategy of leading global private markets manager CVC. This partnership allows CVC DIF to benefit from CVC’s global platform, with 30 offices across five continents.
About S-P-S International
Founded in 2004, S-P-S International specialises in the engineering of reliable, durable, and high-quality non-motorised GSE. Through ongoing dialogue with customers, the company has continually refined its offerings to improve the efficiency of cargo handling. Today, S-P-S International is one of the largest suppliers of non-motorised GSE and cargo handling equipment in and out of Europe, with a fleet of more than 4,500 vehicles in the Benelux. The company manages all aspects of design, manufacturing, maintenance, leasing, and ongoing support.
For more information, please visit: www.s-p-s.aero
About CTC Moyson Airport Equipment
CTC Moyson Airport Equipment specialises in the leasing, sale, maintenance, refurbishment, and management of GSE for the aviation sector. The company differentiates itself through its family-oriented approach and deep expertise in GSE, fostering long-term customer relationships. With more than 1,700 vehicles available for lease at key airports including Brussels, Ostend, Antwerp, and Liege, CTC Moyson provides a comprehensive service.
For more information, please visit: www.ctcmoyson.com
About HiSERV
HiSERV is the German market leader in ground service equipment (GSE) leasing with a strong European foothold. Since 2017, HiSERV provides customers with the best possible fleet design at airports to optimize, and thus save, elementary resources in the long term. This is done by offering premium quality, great flexibility, and smart GSE at a fair and transparent price. The large fleet of over 5,000 units are an essential part to the aviation infrastructure.
For more information, please visit: www.hiserv.aero