Fernweh Group LLc (“Fernweh”) and its portfolio company, Dabico Corporation (“Dabico” or “Dabico Airport Solutions”), have completed the previously announced acquisition of FMT Sweden AB and FMT International Trade AB (“FMT”) in an all-cash transaction. Fernweh and Dabico’s investment in FMT is part of its overall strategy to build a leading aviation and transportation/logistics infrastructure platform with global market coverage focused on the European Union (“EU”) and North America (“NA”).
FMT, based in Trelleborg in Sweden, is a leading provider of passenger boarding bridges, docking solutions, and aftermarket parts and services for airports and seaports. FMT´s expertise lies in creating tailor-made solutions to improve safe, flexible and fast turnarounds for airports and seaports with high passenger flows. FMT, through a strong focus on innovation, has built an extensive patent portfolio, a best-in-class product and services offering, and a broad customer base comprised of 85+ airports and seaports across the EU and NA.
Nick Santhanam, CEO of Fernweh Group, noted, “We are delighted to continue the build out of our aviation and transportation/logistics infrastructure platform through the acquisition of FMT. This acquisition strengthens Dabico’s position as a premier provider of ground support systems to the transportation/logistics infrastructure market and further builds on our commitment to the EU and NA markets. I would like to thank the respective teams at Dabico and FMT for their collective effort in successfully completing the transaction. I look forward to working with them going forward on executing on the significant opportunities for future growth for the combined company.”
“Our team is pleased to officially welcome FMT to the Dabico family as a critical component of our growing platform. The combination of Dabico and FMT will serve to enhance the mission of both companies as we start this new year. Through this partnership, we look forward to continuing to deliver best-in-class products and services to our customers across the EU and globally,” says Juergen Strommer, Dabico CEO.
About Fernweh Group LLC
Fernweh is an investment firm led by leaders from global institutions with prior experience working with companies in the industrial and industrial technology sectors on strategy, M&A, and operational transformation. Fernweh believes that the mid- and small-cap industrial and industrial technology sectors are the backbone of the economy and the engine for its growth. By combining management capability, operational and strategic transformation support, and capital for each company’s unique context, history, and needs, Fernweh aims to be a builder of businesses and create value for all stakeholders. Fernweh’s CEO co-authored the book on the industrial technology sector “Titanium Economy”, which has been on the WSJ best seller list. Learn more at fernweh.com.
About Dabico Corporation
Dabico Airport Solutions is a leading global supplier that designs, manufactures, integrates, and services innovative ground support systems for civil and military aviation sectors. Through its comprehensive portfolio, Dabico addresses fuelling, cooling, power, and wet services needs of parked aircraft. With extensive experience and technological expertise, we enable customers to maximize safety, availability, efficiency, and sustainability. Based in the United States, Dabico is globally focused and has operations spanning North America, Europe, the Middle East, and Asia. Learn more at dabico.com.