Dabico Corporation announced today that is has signed an agreement to acquire FMT Sweden AB and FMT International Trade AB (“FMT”) as the company seeks to further expand its coverage in the EU market and expand the portfolio of products and services it offers to aviation and transportation/logistics infrastructure customers in the region.
“FMT is a well-known and established brand with a proven track record in the Nordics and across the EU and beyond,” says Juergen Strommer, Dabico CEO.
“This exciting acquisition will expand our existing base and capabilities throughout the EU in the airports and seaports markets and reinforces our EU footprint.
“We look forward to partnering with FMT going forward and serving our growing customer base with industry-leading products and unbeatable customer service.”
FMT has a long-standing history as a manufacturer of passenger boarding bridges for airports and seaports as well as end-to-end care coverage of their product portfolio through extensive aftermarket parts and services offerings.
A key part of FMT’s history stems from its focus on serving the EU market through facilities and operations based out of Trelleborg, southern Sweden and having installed their passenger boarding bridges at more than 85 airports and seaports globally.
Dabico is a leading global player in the airport ground support equipment industry and offers a comprehensive range of products for both the civil and military sectors, including ground power units, pre-conditioned air systems, fuel systems, and tunnel systems.
Based in the United States, Dabico is globally focused and has operations spanning North America, Europe, Middle East, and Asia.
Dabico Corporation was formed through a carve-out of its former parent company, Cavotec SA, and subsequent investment from current majority owner, Fernweh.
The acquisition of FMT by Dabico expands the product portfolio of Dabico through the offering of passenger boarding bridges and enables Dabico to enter the underserved seaport market where FMT holds a significant market share.
The combined company is well positioned to continue to service the full European market given extensive operations across the UK, Germany, and Sweden, with employees and partners in several other countries in the region.