The Carlyle Group to acquire ADB SAFEGATE
The Carlyle Group, a global alternative asset manager, has entered into a definitive agreement to acquire airport performance solutions provider ADB SAFEGATE from PAI Partners.
Global alternative asset manager The Carlyle Group has entered into a definitive agreement to acquire ADB SAFEGATE, a global airport performance solutions provider, from PAI Partners, alongside existing management of the company.
The transaction is expected to close in the second half of 2017 subject to customary requirements and regulatory approvals. Equity for the investment will come from Carlyle Europe Partners IV (CEP IV), a European-focused upper-mid market buyout fund. Further financial details of the transaction were not disclosed.
ADB SAFEGATE delivers intelligent solutions that support superior airport performance. The company designs, develops and produces systems, products and solutions for airfield ground lighting, aircraft docking guidance and air traffic control, complemented by a full range of integrated end to end services.
The company’s solutions address critical challenges faced by airports globally, including congestion, operational complexity, environment and sustainability performance as well as digital disruption.
Founded in 1920 by Adrien de Backer, the company has a long history of innovation and geographical footprint expansion, organically and through acquisitions. Today, it serves more than 2,500 airports across over 175 countries.
ADB SAFEGATE has more than 900 employees, four production facilities in Belgium, Germany, USA and China and a software development centre in Austria. Its footprint is reinforced by a strong global commercial presence including more than 100 agents and distributors and a vast network of dedicated R&D facilities.