SAL Expands into Europe with $32.8M Acquisition of Aviapartner Liège
Saudi Logistics Services Company (SAL) has signed a Sale and Purchase Agreement (SPA) to acquire a 100% stake in Belgium-based airport ground handling company Aviapartner Liège in a deal valued at $32.8 million.
The agreement was signed with Aviapartner Belgium NV and Aviapartner Holding NV, and will be executed as a cash transaction financed through SAL’s available financial resources.
The acquisition aligns with SAL’s strategy to expand its international footprint in air cargo logistics, establishing an operational presence at one of Europe’s key air cargo hubs.
Cash Deal to Strengthen International Presence
Under the agreement, SAL will acquire the entire share capital of Aviapartner Liège, with completion subject to regulatory approvals and customary closing conditions.
The move represents another step in SAL’s global expansion strategy, focusing on building a logistics network that connects international markets.
Strategic Location at a Major European Cargo Hub
Aviapartner Liège operates in the Belgian city of Liège, widely recognized as one of Europe’s leading air cargo hubs, hosting cargo operations for several international airlines and e-commerce platforms.
The company provides services including:
- Air cargo handling
- Airport ground handling services
- Cargo-related logistics services
This strategic location positions the company as a key node for global logistics operators, particularly amid the continued growth of e-commerce and international cargo traffic.
Stable Financial Performance
According to disclosed financial data, Aviapartner Liège reported the following revenues over the past three years:
- 2023: approximately $29.2 million
- 2024: approximately $33.7 million
- 2025: approximately $28.7 million
These figures reflect stable operations within the air cargo handling and logistics services market.
Strategic Objectives of the Acquisition
Through this acquisition, SAL aims to:
- Strengthen its global presence in air cargo logistics
- Expand cargo handling and airport logistics services internationally
- Diversify revenue streams geographically
- Leverage existing infrastructure and airline partnerships
SAL expects the acquisition to positively impact its long-term financial performance once the transaction is completed and the acquired company’s results are integrated.
