Reference to the above-mentioned subject; Agility Public Warehousing Company would like to announce the below material information:
Date | 26/08/2025 |
Name of Listed Company | Agility Public Warehousing Company K.S.C.P (“Agility”) |
Previous Disclosure Subject | Menzies Aviation Acquires G2 Secure Staff |
Date of previous Disclosure | 14 /04/ 2025 |
Material Information update: | Agility would like to announce that Menzies Aviation, a wholly owned subsidiary by Agility Global PLC, has completed the acquisition of 100% of US-based G2 Secure Staff, for an enterprise value consideration of $305m plus a deferred consideration of $10m payable in 2026 and subject to achieving certain agreed upon performance metrics.
The deal strengthens Menzies position as the world’s largest aviation services provider, operating at 350 airports in 65 countries. G2’s operations will be rebranded under the Menzies Aviation name, with integration already underway to ensure a seamless transition for employees, customers, and partners. |
Impact of the material information on the financial position of the company | G2 Financials will be consolidated with Menzies’ and this is expected to boost Menzies’ group revenue by 20% to over $3.1 billion, based on Menzies FY 2024 revenue figures. |
Best Regards,
Investor Relations Team