PAI Partners today announced the acquisition of ADB Solutions, the world leader in airfield lighting, from Montagu Private Equity. The terms of the transaction, which is subject to regulatory clearances, were not disclosed.
ADB is the worldwide leader in Airfield Ground Lighting (AGL) products, systems and solutions, serving over 2,000 airports across more than 175 countries internationally. The company develops, manufactures, and sells a comprehensive portfolio of AGL products and services for airports of all sizes, from large international hubs to smaller airports, military bases and heliports. ADB is headquartered in Brussels, with manufacturing presence in the USA and China and a global network of sales offices and distributors.
Montagu acquired ADB from Siemens in 2009 and created an independent company “ADB Solutions”. Since then profits have more than doubled and the company has expanded internationally, increasing its exposure to emerging markets including China, South America and the Middle East. The company generates approximately €160m of revenues, 45% of which now come from emerging markets. The company’s growth and internationalisation reflect the increasing demand for airport infrastructure across the world and rising standards and requirements in terms of safety, reliability and efficiency.
Source: Press Release