SSP Group has announced the completion of its acquisition of Airport Retail Enterprises (ARE), a leading F&B operator in Australia, adding 62 outlets across seven airports to its portfolio: Sydney, Melbourne, Brisbane, Gold Coast, Canberra, Townsville and Mount Isa.
As a result of the acquisition, SSP has expanded its position in the Australian market in travel food and beverage operations, with around 100 units across 11 of the largest 19 airports in Australia.
The acquisition of ARE is aligned to SSP’s strategy of accelerating growth in the Asia Pacific region and sees the Group add a number of high-quality bars, restaurants and brands to its portfolio.
Patrick Coveney, CEO of SSP Group, said: “We’re pleased to have completed the acquisition of ARE, which enhances our presence in the high-growth Asia Pacific region. We have acquired a number of high-quality brands and concepts and gained entry into new prime air locations, which will give us significant opportunity to drive growth for the Group. We look forward to welcoming our new colleagues into the wider SSP team and further enhancing our position as a leading F&B operator in a key market.”
SSP has been present in Australia since 2009 and is also soon to open its first units in New Zealand at Christchurch.
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