CVC DIF has agreed to acquire S-P-S International from Strikwerda Investments, aiming to consolidate it with other airport equipment companies under the HiSERV brand.

Information on the Target

S-P-S International, established in 2004, specializes in leasing and maintenance services for non-motorized Ground Service Equipment (GSE). Operating from its base at Schiphol Airport, S-P-S is dedicated to the design, production, rental, and servicing of a diverse range of non-motorized GSE, catering to the needs of the aviation industry.

Since 2018, Strikwerda Investments has held the majority ownership stake in S-P-S, underlining a solid partnership with the company's management, led by Director Paul Schmitz. This collaboration has fostered significant growth and innovation within the company, positioning S-P-S as a key player in its sector.

Industry Overview in the Target’s Specific Country

The non-motorized Ground Service Equipment industry in the Netherlands has seen steady growth, driven by increasing air travel demand and the subsequent need for efficient