Siemens sells ADB Airfield Solutions to Montagu Private Equity

Montagu Private Equity, one of Europe’s leading private equity companies, is to buy ADB Airfield Solutions (“ADB”), the Siemens AG airfield lighting business. ADB offers products, solutions and services for visual guidance in airfields worldwide. The parties have agreed not to disclose the terms of the transaction. The sale is expected to be finalized in October, subject to antitrust approval.

Acquired by Siemens in 1987, ADB has been a significant innovative player in the airfield lighting sector since its establishment in 1947. With long-established customer relationships, more than 2,000 airports around the world have been equipped with systems from ADB. The company is headquartered in Brussels and employs approximately 400 people in around 10 locations worldwide.

“This sale is part of Siemens’ consistent strategy to focus on core business. ADB is part of the Mobility Division which through a "Complete Mobility" approach is concentrating on the goal of linking up different transportation systems in order to carry people and goods more efficiently to their destinations”, said Dr. Jörg Schneppendahl, CEO Siemens Mobility Division, Traffic Solutions.

Sylvain Berger-Duquene, Director at Montagu Private Equity, said: “We were attracted to ADB Airfield Solutions due to its substantial growth potential. Ongoing innovation, a strong market position and an outstanding management team mean that we are delighted to back this company.“
 

Source: Transportweekly