Fraport AG has sold its wholly-owned ICTS Europe Holdings B.V.
subsidiary to Management Deutsche Beteiligungs AG (DBAG), a leading
Germany-based private equity company, experienced in the industrial
services sector and DBAG´s Fund V co-investor fund. Under the contract
signed, the complete transfer of ICTS Europe Holdings B.V. to the new
owner has taken place yesterday April 1st, 2008.
Deutsche Beteiligungs AG is a highly experienced private equity
company occupying a leading position in the German market, focusing on
international investments in enterprises well established in their
markets across a broad range of sectors.
ICTS Europe Holdings B.V., which became a wholly-owned subsidiary
of Fraport AG in 2002, is the leading provider of aviation and
transport security servicing over 80 locations in 24 countries. For
the year 2007, ICTS Europe Holdings B.V. reported revenues of
approximately EUR 324 million.
ICTS Europe Management welcomes DBAG as the new shareholder and
appreciates the opportunity of becoming co-investors in ICTS Europe
Holdings B.V. ICTS Europe Management, together with DBAG, looks
forward to enhance its emphasis on providing high-quality services to
its clients, continuing its product development and ongoing expansion
into new territories and markets.
Mr. Zamir Eldar, ICTS Europe CEO, comments that "We are highly
enthusiastic about the new ownership structure, which will enable ICTS
Europe to further develop its business potential and to continue to
supply its clients with innovative products and solutions geared
towards further cementing its position as industry leader. "
ICTS Europe Holdings BV is a leading provider of aviation security
services with a presence at over 80 locations worldwide, with a
workforce of over 10,000 employees and a customer base of over 200
clients, airlines, airports, ports, railways, cargo companies, and
government s.
With 20 years of experience, ICTS Europe is unique in its
unrivalled depth of operational know-how, management expertise as well
as innovative in its product & solutions to the high risk security
industry. This is reflected in the introduction and widespread use of
a variety of systems and services, such as: Eagle (CBT), RASCargO(TM),
passenger interviewing, travel document verification, cargo security,
integrated services,,auditing, consultancy and training.
Deutsche Beteiligungs AG (www.deutsche-beteiligung.de) is a
leading publicly listed private equity company. With a track record of
more than 40 years, it is the oldest private equity firm in Germany.
Deutsche Beteiligungs AG focuses on market-leading mid-sized
enterprises in Germany. It invests from its own balance sheet and from
the assets of co-investment funds. Currently, the company has
approximately one billion euros under management.
