Aberdeen Airport owner AGS acquired by major firm as deal to be completed by 2025

Ruaraidh Britton

13 November 2024 at 8:53 am·2-min read

Aberdeen International Airport — -Credit: (Image: Andrew Milligan/PA)

Aberdeen Airport owner AGS Airports has been acquired by a major management company in a deal expected to be completed by next year.

AGS Airports was established in 2014 and operates Aberdeen, Glasgow, and Southampton airports. AviAlliance, who completed the acquisition, says it will leverage its extensive global airport expertise to responsibly develop AGS Airports, enhancing air connectivity, improve the passenger experience, and support local communities.

The acquisition of AGS Airports from Ferrovial and Macquarie occurred for an enterprise value of £1.53billion. The transaction is expected to complete in the first quarter of 2025.

AviAlliance’s portfolio of four airports served 73 million passengers in 2023 - an increase of more than 20 percent compared to 2022.

Gerhard Schroeder, Managing Director of AviAlliance, said: "Aberdeen, Glasgow and Southampton airports provide vital connectivity for communities in Scotland and the South East of England.

"As a seasoned airport investor and manager with in-depth industry expertise, AviAlliance will enable each airport to realise their full potential. We are committed to supporting the airports over the long term to expand their route networks, further improve the passenger experience and implement the airports’ sustainability strategy."

Sandiren Curthan, Managing Director and Global Head of Infrastructure Investments at PSP Investments said: "PSP Investments is a significant investor across several sectors in Scotland and more broadly, the United Kingdom, with over £10billion of investments in the United Kingdom.

"Our PSP Infrastructure strategy consists of investing in sectors where PSP Investments has strong expertise and a track record of delivering value for our beneficiaries. Airports is a sector which fits that strategy given AviAlliance’s deep operational expertise.

"We are delighted to add AGS Airports to our infrastructure portfolio and look forward to working with our key stakeholders to improve services to the communities in which AGS Airports operate, recognising the critical role that these airports play in supporting economic growth in Scotland and England."

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Aberdeen Airport owner AGS acquired by major firm as deal to be completed by 2025

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