Fernweh Group and its portfolio company Dabico Corporation have completed the previously announced acquisition of PBB services provider A-Bridge.
US-based A-Bridge is a major pure-play provider of construction, refurbishment, repair, installation, and other services for passenger boarding bridges (PBB) and ground service equipment. Fernweh and Dabico’s proposed investment in the Indianapolis firm is part of an overall strategy to build a leading global aviation and transportation/logistics infrastructure platform. Current A-Bridge investors are rolling their investment into the new combined organisation.
Nick Santhanam, CEO of Fernweh Group, said, "I would like to extend a sincere welcome to the entire A-Bridge team as we announce the completion of the acquisition. We see A-Bridge’s critical service offerings as a core component of the buildout of our platform. It was a pleasure working with the respective teams at Dabico and A-Bridge as we successfully completed the transaction, and we look forward to capitalising on the significant market opportunities ahead.”
A-Bridge has worked with multiple marquee airports across the United States and Canada. Recent refurbishments performed by the team include Indianapolis International Airport, Minneapolis−Saint Paul International Airport, and Newark Liberty International Airport.