gategroup Holding has formally completed the acquisition of the European operations of LSG Group from Deutsche Lufthansa AG.
Financial details have not been disclosed.
This closing completes the transaction, which was announced on 9 December 2019, following its approval by the EU Commission. In compliance with its commitments to the European Union, gategroup has signed binding agreements to divest parts of its existing German in-flight catering operations, a minority interest in an in-flight catering kitchen at Brussels airport and some catering assets at Rome (FCO) and Paris (CDG) airports. gategroup expects to complete the divestments in Q1/2021.
The transaction comprises LSG’s in-flight catering operations in Germany, Switzerland, the Netherlands, Belgium, Italy and Spain as well as the global equipment business trading under the SPIRIANT brand. It also includes the European convenience food operations trading under the Evertaste brand, the Ringeltaube retail outlets as well as its European train catering and lounge operations.
“This milestone also marks the beginning of a new chapter for the LSG Group and everyone else who works in the same industry,” said LSG Group CEO Erdmann Rauer. “It is a different world full of unique challenges, but we are confident in the fact that together with our customers we will find the right solutions with the same creative spirit, dedication and hard work that has brought us this far.”
gategroup will introduce a new Lufthansa-dedicated Studio 50/8, a culinary think tank and exclusive house of inspiration. This is one example which shows the joint passion and commitment of Lufthansa and gategroup to enhance customer experience from end-to-end and with this, defining a new airline catering industry standard.