National Aviation Services (NAS), the fastest growing aviation services provider in emerging markets and a subsidiary of Agility Public Warehousing Company (Agility), would like to announce the acquisition of 51% of Siginon Aviation – the largest aviation cargo management and ground handling company in Kenya. The enterprise value is approximately $40 million (approximately KWD 12 Million).
NAS will manage the company moving forward, including the operations in Nairobi and Eldoret International Airports. Both airports are considered major African aviation and cargo hubs.
The investment value will be reflected in the company’s financials during the fourth quarter.
Best Regards,
Investor Relations Team