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ASG press photo

The agreement of undisclosed value was signed on Thursday, ASG said. 

Offering ad-hoc air cargo charter and on board courier services primarily to the automotive industry, Arcus Air Logistics is a respected and established supplier with a brand history of over 45 years. Over the 2015-2019 period, Arcus Air Logistics’ average annual sales were EUR 22 mln.

“While the aviation industry is living through a challenging time, identifying and acting on the right investment opportunities can be a real differentiating factor for businesses who will emerge from this crisis stronger than before. ASG is pleased to be able to support the growth of our family of companies; Chapman Freeborn’s latest acquisition is a prime example of our successful cooperation”, says Gediminas Ziemelis, Chairman of the Board of Avia Solutions Group.

Arcus Air Logistics, with representative offices in Germany, Spain and Slovakia will trade under its current name, providing customers with a seamless, high-quality service experience. Francisco Mühlens will continue to act as Managing Director.