Brambles to Divest CHEP Aerospace Solutions
Brambles originally formed CHEP Aerospace Solutions in 2011 following the acquisition and integration of a number of ULD solutions companies. They grew the CHEP name and it has become synonymous with the pooling, management, maintenance and repair of ULDs. Today, the business owns and manages approximately 100,000 ULDs, and serves more than 90 airlines across a network of 48 global services centers and 420 airports, supported by over 550 team members. The existing CHEP leadership team will remain in place and EQT Infrastructure says it will continue to strengthen the company’s capabilities.
CHEP Aerospace Solutions President, Dr. Ludwig Bertsch, said: “We would like to place on record our thanks to the Brambles team whose support and expertise has enabled us to develop the world’s leading ULD management network. We are excited to join EQT Infrastructure, one of the world’s most respected infrastructure funds, which combines the very best people with the industry expertise in infrastructure management that will allow us to continue to grow and provide smarter solutions and unparalleled customer service to the aviation industry.”
Ulrich Köllensperger, Director at EQT Partners and Investment Advisor to EQT Infrastructure, said: “CHEP Aerospace Solutions provides critical infrastructure and services to the aviation industry and fits well with the EQT Infrastructure strategy of investing in medium sized operating infrastructure companies with opportunities for additional growth and development. The Company has a proven business model, an impressive customer base and a promising pipeline of prospective airline clients. The industrial board of directors including senior leaders with aviation expertise will support CHEP Aerospace Solutions in growing its asset base and offer pooling, management, maintenance and repair to more airlines globally.”