gategroup acquires LSG assets in Latvia and Estonia
gategroup has acquired 100 percent of LSG's activites in Latvia and Estonia
gategroup has announced the acquisition of 100 percent of LSG’s activities in Latvia and Estonia from Aurelius. This transaction expands gategroup’s operational Nordics network into the Baltic region.
This acquisition directly reflects gategroup’s clear strategy for driving long-term, sustainable growth, the June 4 press release said. Moving forward, the Group is well positioned to capture value and grow through three core pillars: organic market growth across its extensive current network, responding to the increasing trend of airlines outsourcing their catering operations and selective expansion opportunities.
“This acquisition is a perfect fit for our European growth strategy,” said Herman Anbeek, President Region Europe, gategroup. “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.”
The acquired Baltic business operates as inflight caterer and retailer at both Riga and Tallinn airports. Employing roughly 250 employees across the two locations, the organization boasts an efficient, streamlined operational structure. By integrating these airport hubs into its global network, gategroup continues to strenghten its market presence and demonstrates its ongoing commitment to serve airlines customers across the region.
