Gategroup acquires Inflight Service Group from Triton
Gategroup has reached an agreement to acquire 100% ownership in Inflight Service Group from funds advised by Triton, a private equity company in the Nordic region, at an enterprise value of SEK 1.1 billion. The transaction is subject to the approval of the Polish antitrust authorities.
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.
Gategroup is the leading independent global provider of products, services and solutions related to a passenger's on-board experience.
Gategroup was advised by Mannheimer Swartling in the transaction. The firm’s team consisted primarily of Fredrik Andretzky, Viktor Nykvist, Sandra Röijer, Jonas Lagerroos, Tanel Küün and Sean Mendelson (M&A), Johan Carle and Klas Arvidsson (Competition law), Emil Albihn Henriksson and Andreas Blomberg (IT/IP) and Henric Diefke and Tobias Normann (Employment law).