Gategroup acquires remaining 26% of Skygourmet
|Friday, 17 February 2012 14:57|
Gategroup is increasing its stake ‘to provide maximum flexibility to run the business in India as a fully owned and integrated business of gategroup’.
Gategroup CEO Andrew Gibson, made these comments: “We appreciate IHC’s support during the past 15 months to help familiarize us with the Indian business environment, and we are eager to move forward in developing this important asset.”
Gategroup subsidiary Gate Gourmet entered a joint venture agreement with IHC in November 2010. Skygourmet operates airline catering activities in Chennai, Delhi, Hyderabad, Mumbai and Pune, while Gate Gourmet operates an airline catering facility in Goa. Further expansion of the network is under development.
Additionally, Skygourmet and Travel Food Services (TFS), an Indian provider of travel food and beverages, are finalising a strategic partnership to manage newly developing retail-on-board services for India-based airlines.
Herman Anbeek, gategroup Chief Commercial Officer, adds: “TFS brings the local experience and expertise to augment what we bring from a global platform.”