Infrastructure investment firm Ventus and Singaporean company Sky Logistica have acquired Prague-based Skyport, a central European air cargo infrastructure company.

Skyport handles cargo at Prague airport and has operations in Bratislava and Košice, both in Slovakia. It operates in a modern semi-automated airside facility and processes more than half of all air cargo passing through Prague airport.

The airside cargo handling facility in which Skyport operates was acquired by Singapore-headquartered Elite Logistics Fund in connection with the acquisition of Skyport by Ventus and Sky Logistica.

“The last 12 months have proved the importance of air cargo infrastructure as a strategic component of global trade," commented Andy Popovich, Chief Executive Officer, Ventus. "Investing in automated facilities and modern operations is the future of this industry and we are excited to work with our institutional capital partners to further invest in this asset class. Skyport has huge potential for growth and we are focused on optimising the existing facilities and unlocking additional capacity by deploying technology to enhance operations."

Ventus is an infrastructure investment and asset management firm headquartered in Atlanta, Georgia. Founded in 2020, it focuses on investing in air cargo and robotic industrial infrastructure, mainly in Europe and North America.