We use cookies on our website in order to make your visit more efficient and to offer you the most pleasant possible experience and to analyse the accesses to our website. We use Google Analytics for this purpose. Further information can be found in our DATA PROTECTION STATEMENT.
  • dnata expands
    european cargo-services
    with BDO at its side
[email protected]:

dnata expands european cargo-services with BDO at its side

06 April 2022

Dr. Steffen Eube, Partner, Advisory |

dnata (Dubai, United Arab Emirates) has acquired all shares in Wisskirchen Handling Services GmbH (Cologne). The closing of the transaction is still subject to receipt of regulatory approvals.

A mutli-disciplinary transactional advisory team of BDO Legal Rechtsanwaltsgesellschaft mbH and BDO AG Wirtschaftsprüfungsgesellschaft jointly led by Thorsten Schumacher (BDO Legal, Düsseldorf) and Dr Steffen Eube (BDO AG, Frankfurt am Main) has advised Dubai-based dnata on the planned acquisition of Wisskirchen Handling Services (Wisskirchen).

With the planned acquisiton, dnata expands its European footprint by entering into the German market and will further develop its position as a leading global cargo services provider. 

Wisskirchen is the exclusive operator of the Cologne Bonn Cargo Centre, a 12,000 sqm facility at Cologne/Bonn Airport (CGN) providing a full range of cargo services via a team of some 180 highly-trained employees. Wisskirchen handles more than 85,000 tonnes of cargo annually, including general cargo, perishables, pharmaceuticals, dangerous goods, electronics and fast-moving consumer goods.  

CGN is the third largest airport in Germany in terms of cargo operations with significant capacity for further growth. It operates 24 hours a day and is ideally located in the heart of Northwest Europe with excellent road connections. In 2021 cargo handled at CGN increased by 14% year over year, marking a new annual record for the airport.

As one of the world’s leading air services providers, dnata currently provides quality and reliable ground handling, cargo, catering and retail services at over 120 airports in 19 countries.

Stewart Angus, dnata’s Regional CEO for Europe, said: “We are delighted to announce dnata’s first cargo investment in Germany. This is part of our continued broader investment in cargo infrastructure. Since 2014 we have invested in nine new cargo facilities in Europe. We look forward to playing our role in the next stage of development of Cologne/Bonn Airport as a major cargo hub. We would like to thank the team at BDO for their professional and valuable support through this transaction.” 

In recent years, dnata has made significant investments in advanced infrastructure to enhance its cargo offering. This included the opening of new, state-of-the-art cargo facilities in Manchester (UK), Karachi and Lahore (Pakistan), and additional cargo capacity and infrastructure in Brussels (Belgium), Sydney (Australia) and Toronto (Canada). Most recently, dnata has announced that it would invest over €200 million in its operations in Amsterdam (The Netherlands) and operate one of the world’s largest and most advanced cargo facilities at Schiphol Airport.  In addition, this spring dnata will open the second phase of the dnata City East project at London Heathrow (UK). 

The BDO team advised dnata comprehensively on the due diligence and legal aspects of the transaction. The regulatory aspects of the transaction were advised by the Düsseldorf law firm ROCAN.