The deal has been negotiated over the past three years and has now been signed.
Ingo Zimmer (CEO ATC Aviation Services) and Mark Thiermann (Managing Director GrupoPFS) believe that the acquisition of ATC and PFS will combine the strengths of both companies, increase global presence and create a robust portfolio that can benefit from growth trend over the long term.
Says Mark Thiermann: “PFS and ATC are now one combined company in South America. We will direct all our efforts towards ensuring that our customers will benefit from our new group. With global reach and top local expertise, we are in a good position when it comes to supporting our partner airlines’ growth. The customers of PFS will hardly feel these changes. The well-known and experienced team will remain at their disposal and continue business as usual. But in addition, customers will benefit from the strengths and reliability of both companies in the future, as well as through the international network with branches in Europe, the US, Canada, Africa and Asia."
Ingo Zimmer adds: “Together we will achieve strong and complementary positions in South America’s key export markets, creating a broader and more balanced portfolio. This purchase is a further step to complete our mission to become the world leading cargo GSSA.”
PFS will soon operate under the globally recognised name of ATC. Until the transition has been completed, the partners will have a joint presence in the market. After the 12 month transition period, GrupoPFS will come under the branding of the ATC Group.