The airport operations industry in the DACH region includes a variety of companies focused on managing and enhancing airport services. Key players range from logistics firms, like DHL, to technology providers, such as Siemens. They provide services related to air traffic management, passenger processing, retail, and logistics. The sector is increasingly moving towards digitization and automation to streamline operations and improve the passenger experience. Environmental concerns are gaining traction, with companies exploring sustainable technologies. Given the booming travel industry, airports are expanding their capabilities to accommodate growing passenger and freight traffic, setting the stage for innovative advancements.


The investors in this list showcase a mix of corporate giants and nimble private equity firms, primarily headquartered in Switzerland and Germany. With a range of sizes, from over 10,000 employees at DHL and Siemens to smaller firms like Egeria, their experience spans decades, from Avolta's inception in 1865 to Frequentis founded in 1947. In 2024 alone, these investors engaged in significant deals, with DHL and Siemens leading the pack, actively shaping the future of airport operations through strategic acquisitions and partnerships.


Top 8 Airport Operations Investors in DACH


1. Dhl

  • Website: dhl.com
  • Type: Corporate
  • Headquarters: Bonn, North Rhine-Westphalia, Germany
  • Founded year: 1969
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: dhl

DHL is a global logistics company founded in 1969, headquartered in Bonn, North Rhine-Westphalia, Germany. With over 10,000 employees, DHL specializes in providing a wide range of transportation and delivery services, including courier services, air and ocean freight, and supply chain management. Their expertise in logistics helps businesses streamline operations and ensure timely delivery of goods. Notably, DHL has been involved in significant transactions related to airport operations, such as their participation in the $78 million funding round for Miami International Airport in November 2021. This investment highlights DHL's strategic interest in airport infrastructure, which is crucial for their air freight and logistics services. Additionally, while they have made various acquisitions in the logistics sector, their direct involvement in airport funding positions them as a relevant player in the airport operations industry.


2. Avolta

  • Website: avoltaworld.com
  • Type: Corporate
  • Headquarters: Basel, Basel, Switzerland
  • Founded year: 1865
  • Headcount: 10001+
  • Number of deals in 2024: 1
  • LinkedIn: avoltaworld

Avolta is a corporate travel retailer based in Basel, Switzerland, founded in 1865. The company specializes in providing a wide range of products and services to travelers, including retail shops and food and beverage outlets. Avolta operates in over 1,000 locations across 73 countries, emphasizing convenience and customer-centric services to enhance the travel experience. Notably, Avolta has made significant acquisitions in the travel retail sector, including the acquisition of Hudson Group in 2008 for $446 million, which has a strong presence in airport retail. In 2022, Avolta acquired Autogrill, further solidifying its position in the airport operations market. Additionally, their recent agreement to acquire Free Duty, a retailer in the Hong Kong and Greater Bay Area, highlights their strategy to expand in regions with high traveler traffic, thereby increasing their influence in airport operations.


3. Sgs

  • Website: sgs.com
  • Type: Corporate
  • Headquarters: Geneva, Geneva, Switzerland
  • Founded year: 1878
  • Headcount: 10001+
  • Number of deals in 2024: 5
  • LinkedIn: sgs

SGS S.A. is a leading testing, inspection, and certification company based in Geneva, Switzerland, founded in 1878. With a workforce of over 10,000 employees, SGS provides independent services to ensure product quality and compliance across various industries. Notably, SGS has made strategic acquisitions to enhance its offerings in the aviation sector, including the acquisition of a majority stake in ARGUS International, Inc. in 2019, a company that specializes in data-driven inspection and compliance solutions for the aviation market. This acquisition aligns with SGS's commitment to enhancing operational efficiency and regulatory compliance in airport operations. Additionally, SGS has expanded its consultancy services through the acquisition of Maine Pointe, further solidifying its position as a key player in performance improvement across various sectors, including aviation.


4. Frequentis

  • Website: frequentis.com
  • Type: Corporate
  • Headquarters: Vienna, Vienna, Austria
  • Founded year: 1947
  • Headcount: 1001-5000
  • Number of deals in 2024: 1
  • LinkedIn: frequentis

Frequentis is a communication technology company based in Vienna, Austria, specializing in safety-critical communication and information systems for control centers. Founded in 1947, the company has over 75 years of experience and operates globally, providing solutions that enhance operational efficiency and safety in various sectors, including air traffic management, public safety, and transport. Frequentis has made strategic acquisitions to bolster its position in the airport operations sector, notably acquiring a 51% share of ATRiCS, a German company focused on Air Traffic Management technology, in March 2020. This acquisition aims to expand Frequentis's offerings to airports and Air Navigation Service Providers. Additionally, in January 2016, Frequentis acquired Comsoft GmBH, further enhancing its capabilities in air traffic management and related services. These transactions highlight Frequentis's commitment to advancing technology that supports airport operations.


5. Sita

  • Website: sita.aero
  • Type: Corporate
  • Headquarters: Geneva, Geneva, Switzerland
  • Founded year: 1949
  • Headcount: 1001-5000
  • Number of deals in 2024: 3
  • LinkedIn: sita

SITA is a multinational IT services provider founded in 1949, headquartered in Geneva, Switzerland. Specializing in the air transport industry, SITA offers a comprehensive range of solutions aimed at improving operational efficiency and passenger experience for airlines, airports, and ground handlers. In 2024, SITA made significant strides in the airport operations sector by acquiring Materna IPS, a move that bolsters their position in passenger self-service and end-to-end solutions, with Materna IPS generating sales of approximately €554 million in 2022. Additionally, SITA's acquisition of CCM Airport Equipment further emphasizes their commitment to enhancing airport operations through advanced technology and data analytics. These strategic investments highlight SITA's role as a key player in the airport operations landscape.


6. Reuben Brothers


Reuben Brothers is a private equity investment firm based in Geneva, Switzerland, specializing in private equity, real estate investment, and development. They provide a wide range of services, including debt financing and management of various properties. Notably, they acquired full ownership of Oxford Airport in July 2008, a significant transaction that highlights their involvement in the airport operations sector. This acquisition was made amid financial difficulties faced by the previous owner, showcasing Reuben Brothers' ability to capitalize on investment opportunities in the aviation industry. Their clientele spans various sectors, indicating a versatile investment strategy, but their direct engagement with airport operations through the Oxford Airport acquisition is particularly relevant.


7. Egeria REI GmbH Ijzendoorn & Co. KG


Egeria REI GmbH Ijzendoorn & Co. KG is a private equity firm based in Berlin, Germany, founded in 1997. The firm specializes in private equity and real estate investments, focusing on partnering with healthy businesses to drive sustainable growth through strategic investments. Egeria operates primarily in the Netherlands, the DACH region, and North America, providing capital and management expertise to businesses seeking to expand and thrive. Notably, Egeria has made investments in the aviation sector, including a majority stake acquisition in MAAS Aviation Group, a commercial aircraft painting company based in Ireland, which highlights their engagement in the aviation industry. Additionally, they participated in a funding round for Apoc Aviation, further indicating their interest in aviation-related businesses.


8. Siemens

  • Website: siemens.com
  • Type: Corporate
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 1847
  • Headcount: 10001+
  • Number of deals in 2024: 11
  • LinkedIn: siemens

Siemens AG, founded in 1847 and headquartered in Munich, Bavaria, Germany, is a leading technology conglomerate specializing in industrial automation, energy solutions, rail transport, and health technology. With a workforce of approximately 320,000 employees, Siemens generates significant revenue by providing innovative products and services across various sectors. In recent years, Siemens has made strategic acquisitions to bolster its position in the mobility sector, which is relevant to airport operations. Notable transactions include the acquisition of Sqills, a Dutch rail software company specializing in inventory management and ticketing for public transport, and HaCon Ingenieurges. mbH, a company focused on planning and scheduling systems for public transportation. These acquisitions reflect Siemens' commitment to enhancing digitalization and efficiency in transportation, which can be applicable to airport operations. Additionally, their acquisition of Padam, a company involved in mobility solutions, further emphasizes their focus on improving transportation logistics and passenger management, areas that are critical for airport operations.



Airport Operations Insights: Key Investors in DACH


InvestorHeadquarterSizeFoundedDeals 2024
DhlBonn, North Rhine-Westphalia, Germany10001+19691
AvoltaBasel, Basel, Switzerland10001+18651
SgsGeneva, Geneva, Switzerland10001+18785
FrequentisVienna, Vienna, Austria1001-500019471
SitaGeneva, Geneva, Switzerland1001-500019493
Reuben BrothersGeneva, Geneva, Switzerland51-2003
Egeria REI GmbH Ijzendoorn & Co. KGBerlin, Berlin, Germany51-20019970
SiemensMunich, Bavaria, Germany10001+184711


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