Gategroup Completes Acquisition Of European Operations Of LSG Group
Gategroup Holding AG has announced the completion of the acquisition of the European operations of LSG Group from Deutsche Lufthansa AG.
The transaction comprises LSG's in-flight catering operations in Germany, Switzerland, the Netherlands, Belgium, Italy and Spain as well as the global equipment business trading under the SPIRIANT brand, the European convenience food operations trading under the Evertaste brand, the Ringeltaube retail outlets, and European train catering and lounge operations.
"Thrilled To Have Reached This Important Milestone"
Gategroup CEO Xavier Rossinyol stated, "We are thrilled to have reached this important milestone. The substantial economic challenges brought about by the COVID-19 pandemic required a high degree of flexibility, partnership and trust of all parties involved. We are pleased to have found a viable path forward allowing us to complete the transaction at terms acceptable to both Lufthansa and Gategroup.
"Together with our new colleagues, we will find the best way to navigate through these challenging times for our industry and emerge from the crisis with renewed strength. We warmly welcome our new colleagues to Gategroup. We look forward to working with them to jointly create the future of exciting culinary and retail experiences for our customers and their passengers."
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