KLM and gategroup have reached an agreement on the proposed acquisition of KLM Catering Services by gategroup. Upon completion of the transaction, gategroup will hold a 75% stake in KCS, while KLM will retain a 25% interest.
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The proposed acquisition is subject to consultation with the works councils of KCS and KLM, as well as approval from the relevant regulatory authorities.
This step creates opportunities to invest in the future of KCS, while ensuring that KLM remains closely involved in the on-board services for its passengers. The proposed partnership is part of KLM’s “Back on Track” improvement program. By joining forces with gategroup, a global leader in airline catering and hospitality with operations in more than 60 countries, KLM is taking an important step toward preparing KCS for the future. The collaboration will focus on strong employment practices, personalized catering, sustainability, and operational efficiency.
Bas Brouns, CFO of KLM said: “We are pleased to have found a strong and specialized partner in gategroup, with many years of experience in airline catering. We will remain involved in the onboard catering for our flights, ensuring the quality and service our passengers expect from KLM. The proposed acquisition will not impact jobs within KCS. We look forward to working together.”
Herman Anbeek, President Europe, gategroup, added: “This partnership with KLM represents an important step forward for our business in Europe. Together, we will continue to enhance performance, reliability and the overall customer experience. To support our joint ambition, we will build a new facility at Schiphol, Amsterdam, enabled by our know-how, at the highest environmental standards and with the latest technology and innovation.”
About KLM Catering Services
KLM Catering Services has more than 80 years of experience in inflight catering. The company employs more than 1,300 people and prepares over 55,000 meals daily for approximately 350 intercontinental, European, and cargo flights. With a fleet of 82 catering trucks, KLM Catering Services serves a wide range of airlines.