Airport management company AviAlliance has agreed to acquire UK-based airport operator AGS Airports from Ferrovial and Macquarie in a deal valued at £1.53bn ($1.95bn).
AGS Airports was established in 2014 as a 50:50 joint venture between Ferrovial and Macquarie. It operates three UK airports in Aberdeen, Glasgow, and Southampton.
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These airports serve more than 10.8 million passengers annually and contribute about £2bn in gross value added to the UK economy each year, supporting over 30,000 jobs.
Ferrovial and Macquarie have agreed to sell their 50% shares each in AGS Airports, as part of the transaction.
AGS Airports CEO Andy Cliffe said: “Over the past ten years, Macquarie and Ferrovial have played a central role in unlocking our full potential. Their close partnership with the teams across our three airports ensured we had the support to invest in our passenger offering while improving our operations.
“We are grateful for their close stewardship and look forward to continuing to develop our services and beneficial impact on passengers and communities across the regions of Aberdeen, Glasgow and Southampton.”
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By GlobalDataAGS Airports has seen investments worth £250m since its establishment in 2014, including £20m in Aberdeen International, £9m ($11.4m) in Glasgow, and £17m ($21.6m) for a runway extension at Southampton Airport.
These investments have enhanced airport infrastructure and services, despite the challenges of the Covid-19 pandemic.
AviAlliance plans to apply its expertise to further develop AGS Airports.
AviAlliance managing director Gerhard Schroeder said: “Aberdeen, Glasgow and Southampton airports provide vital connectivity for communities in Scotland and the South East of England.
“As a seasoned airport investor and manager with in-depth industry expertise, AviAlliance will enable each airport to realise [its] full potential.”
The acquisition, subject to regulatory approvals, is anticipated to be finalised in the first quarter of 2025.
