Triton completes sale of Inflight Service Group to gategroup
Stockholm (Sweden), 1 February 2016 – Funds advised by Triton (“Triton”) closed the sale of the Inflight Service Group (“IFS”), a leading travel retail specialist in the European market focused on airline retailing, to gategroup Holding AG (“gategroup”), a global provider of products, services and solutions related to passengers’ on-board experience. gategroup will acquire 100% ownership of IFS at an enterprise value of SEK 1.1 billion.
About Inflight Service
Founded in 1991, Inflight Service is the leading operator in the Nordic travel retail market, with strong presence in Eastern Europe and emerging presence in other European markets. Inflight Service is headquartered in Kista, Sweden.
The company is a leading travel retail specialist with revenues in excess of SEK 2 billion primarily focused on airline retailing, ferry retailing and the operation of airport shops alongside a small presence in wholesale and retail services.
For further information: www.inflightservice.se
gategroup is the leading independent global provider of products, services and solutions related to a passenger’s onboard experience.
For further information: www.gategroup.com
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Northern Europe - with a focus on Germany, Switzerland, Austria, Italy, Spain and the four Nordic countries: Denmark, Finland, Norway and Sweden. Within this European region, Triton focuses on businesses in the Industrial, Business Services, and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 28 companies currently in Triton's portfolio have combined sales of over €13.3 billion and more than 59,000 employees. The Triton funds are advised by dedicated teams based in Germany, the Nordics, United Kingdom, Luxembourg, Jersey, Italy and China.
For further information: www.triton-partners.com