With expertise in owning and operating airports AviAlliance’s acquisition of Aberdeen Glasgow and Southampton (AGS) airports marks a major investment in the UK aviation sector.
The deal is expected to complete in Q1 2025 for an enterprise value of GBP 1.53 billion. Serving large and growing regions in the UK, the three airports are being acquired from Ferrovial and Macquarie. The latter also owns Farnborough Airport in Hampshire.
The wholly-owned airports division of the Public Sector Pension Investment Board (PSP Investments) one of Canada’s largest pension investors, AviAlliance was founded in 1997 before being acquired by PSP Investments in 2013. Its existing portfolio of four airports includes Athens (Greece), Dusseldorf and Hamburg (Germany) and San Juan (Puerto Rico), which combined served 73 million passengers in 2023.
“Aberdeen, Glasgow and Southampton airports provide vital connectivity for communities in Scotland and the South East of England,” commented Gerhard Schroeder, Managing Director of AviAlliance. “As a seasoned airport investor and manager with in-depth industry expertise, AviAlliance will enable each airport to realise their full potential. We are committed to supporting the airports over the long term to expand their route networks, further improve the passenger experience and implement the airports’ sustainability strategy.”
He was joined by PSP Investments MD and Head of Infrastructure Investments, Sandiren Curthan, who added: “We are delighted to add AGS Airports to our infrastructure portfolio and look forward to working with our key stakeholders to improve services to the communities in which AGS Airports operate, recognising the critical role that these airports play in supporting economic growth in Scotland and England.”
Image source: Glasgow Airport, AGS Airports
