News

CVC DIF has agreed the acquisitions of CTC Moyson Airport Equipment and S-P-S International

CVC DIF agrees to combine S-P-S International and CTC Moyson Airport Equipment with HiSERV to create a leader in European aviation ground service equipment leasing.

• CTC Moyson Airport Equipment is a motorised ground service equipment specialist supporting the Belgium and Western Europe markets

• S-P-S International is a non-motorised equipment specialist with a fleet across the Benelux and Europe

• The two businesses will become part of the HiSERV platform and will together form one of the largest airport ground service equipment (GSE) providers in Europe

• CVC DIF will look to facilitate further growth across the wider European market

CVC DIF, the infrastructure strategy of leading global private markets manager CVC, has agreed the acquisitions of CTC Moyson Airport Equipment (CTC Moyson) from the Moyson family and S-P-S International (SPS) from Strikwerda Investments and management. The investments in SPS and CTC Moyson will be made through CIF III, CVC DIF’s latest Value Add infrastructure fund.

Combining SPS, CTC Moyson and HiSERV will create one of the largest GSE leasing and service providers in Europe. With nearly 12,000 GSE units at 30 airports, the combination delivers a full-scale product and services offering. The platform will be branded HiSERV and led by CEO Roland Ueckert. Current CEOs Paul Schmitz of SPS and Tom Moyson of CTC Moyson will reinvest and continue as part of the leadership team.

SPS International is based in the Netherlands and provides leasing and maintenance services primarily at Schiphol airport. The company focuses on design, manufacturing, maintenance and leasing of non-motorised GSE.

CTC Moyson is a full-service GSE lessor with a strong presence in Belgium. The company services its loyal customers with leasing and maintenance, predominantly in motorised GSE, through three workshops at key Belgian airports.

“HiSERV, SPS International and CTC Moyson are united by the desire to offer customers high-quality products and innovative services. Becoming part of the HiSERV platform puts us in a position to even better serve our customers across Europe. I am very much looking forward to our exciting future together,” said Tom Moyson, CEO of CTC Moyson. Paul Schmitz, CEO of SPS, added: “The GSE market is evolving rapidly. By joining forces with HiSERV and CTC Moyson, we can better capitalise on emerging opportunities.”

“With CTC Moyson and S-P-S, we join forces with two excellent companies that have been offering first-class quality for years, making them an ideal fit with HiSERV. Further growth is foreseen, and we are on track to becoming Europe’s market leader. I am personally delighted to collaborate with the exceptional individuals, Tom Moyson and Paul Schmitz, and their teams,” said Roland Ueckert CEO of HiSERV.

Willem Jansonius, Partner and Head of CIF Investments at CVC DIF, commented: “We are convinced that by establishing a pan-European leader in GSE leasing we will be able to service the aviation ground service market with an improved offering. We have identified clear synergies and significant growth opportunities ahead and look forward to growing the platform.”

The transactions are expected to close in Q4 2024.

Press contact: CVC DIF
Renate Klöters
press@dif.eu