Cavotec strengthens customer base with acquisition of ground support equipment manufacturer Combibox
Cavotec strengthens customer base with acquisition of ground support equipment
The Board of Directors of the Cavotec engineering group is pleased to announce
the acquisition of aircraft ground support equipment (GSE) manufacturer
Combibox Systems Scandinavia AB, which in 2011 had revenues of approximately
EUR 2 million. The acquistion made on 3 September 2012 is set to further
strengthen the Group’s product offering and customer base in the global
“With more than 30 years of experience in the airports industry, Combibox is
extremely well-established; it has an outstanding customer base with product
references all around the world. This will enable the Group to further improve
its offering and expand into new markets,” explains Cavotec CEO Ottonel
Combibox’s product range – in-ground systems that supply aircraft with air,
fuel, electrical power, and fresh and blue water – complements Cavotec’s
Crucially, Combibox’s excellent customer base provides Cavotec with a large
number of new opportunities that will help support the future growth of the
Group. The acquisition will add new and reinforce existing markets for Cavotec
across Asia, the Baltics, Scandinavia, Eastern Europe, and India. Combibox is
extremely active on the market, and until now has been one of Cavotec’s main
competitors in the sector.
“Combibox and Cavotec Group have a good working relationship based on mutual
respect for our engineering expertise and knowledge of the sector, making this
acquisition a natural step, and one that we fully support,” says Leif Lindh,
The acquisition also supports Cavotec’s success at generating added value for
customers and the Group by applying technologies perfected for airports to port
applications for ships: an approach Combibox has also adopted.
Headquartered in Stockholm, Combibox has been a pioneer in the development of
in-ground support equipment for aircraft at airport gates and maintenance
hangars worldwide for more than 25 years. Similar to Cavotec, the company
designs, manufactures and installs ground support systems for customers.
Combibox has in place a global network of local offices and sales companies.
Combibox is privately owned.
Cavotec is a leading system designer and integrator of a comprehensive range of
advanced GSE in the global airports sector. The Group’s offering includes fuel,
water, 400HZ power supply, pre-conditioned air (PCA), pit and tunnel systems,
connectors and caddies – that help minimise tarmac congestion, improve
operational efficiency and reduce environmental impact.
For further details on this press release, contact Michael Scheepers, Director
Investor Relations & PR, at .
Cavotec is a leading global engineering group, developing innovative
technologies that enable the maritime, airports, mining and tunnelling, and
general industry sectors to operate more sustainably. To find out more about
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