A FRENCH provider of automated turnkey solutions for airport and logistics markets has acquired New Zealand airport baggage and parcel handling systems company Glidepath.
Glidepath announced its shareholders have entered into an agreement to sell the shares to B2A Technology SAS.
Owner and executive chairman, Sir Ken Stevens, said in confirming the sale of the company he founded 47 years ago for an undisclosed sum, that it was the right time for Glidepath to look to the future.
“The sale will allow Glidepath to build on its strong performance and prospects with a new owner who has the right synergies, capabilities and customer-centric values to step up and take the business to the next level of growth,” Sir Ken said.
B2A Technology president, Pierre Marol, said the acquisition of Glidepath will boost the growth potential of the combined group which will have more than 900 employees operating in 10 countries over five continents.
“The B2A technology group which now includes Alstef, BA Systèmes and Glidepath can offer a wider global market presence, expanding and complementary product range and greater commercial strength while remaining true to the shared values of collaborative innovation, customer focus and care for its people,” he said.
Mr Marol said it would be business as usual for Glidepath and status quo for the brand, management, staff, marketing and manufacturing networks while a joint strategy is developed.