Peru’s Talma acquires Ecuador’s Generalair

Peruvian airport services company Talma has announced it has acquired Ecuadorian Company Generalair, which will allow it to expand its activities in that country, where it has been operating since 2017.

Posted lundi, octobre 10 2022
Peru’s Talma acquires Ecuador’s Generalair

As a result of the deal, Talma will provide airport cargo service from the city of Guayaquil, the company said in a press release.

The acquisition, the value of which was not disclosed, has already been authorized by Ecuador’s antitrust watchdog SCPM, Talma said.

Talma's current general manager in Ecuador, Vladimir Múñoz Barbieri, will assume the position of executive director of Generalair, the company added.

"This acquisition strengthens the company's purpose of providing the best possible service to its customers and affirms its commitment to the excellence that characterizes them. Aligned with this commitment, the operation and all services of Generalair will continue to be provided under the pillars of safety, quality and efficiency," Talma said.

GenerailAir reported revenues of $1.7 million in 2021, while Talma's revenues in Ecuador were $17 million in 2021.

Talma celebrates 30 years of operations in 2022, having begun its internationalization process in Mexico in 2010, and when it also acquired Aeropuertos del Perú (AdP), which is currently in charge of passenger and cargo operations at 20 airports in Peru, including Jorge Chávez International Airport in Lima.

In 2019, Talma expanded into Colombia.