SSP buys Lufthansa restaurant business

SSP has acquired the airport restaurant business of Lufthansa subsidiary LSG-Airport Gastronomiegesellschaft.The agreement incorporates all LSG’s concessions in landside and airside areas at Berlin-Tegel Airport, Berlin-Schonefeld Airport, Bremen Airport, Cologne/Bonn Airport, Frankfurt Airport and Munich International Airport. The acquired business has an annual turnover of around €27 million, and operates 36 cafes, bars and food courts, incorporating such brands as Illy Espresso, Lavazza, Segafredo, and Beck’s Beer Bars.

Since its successful acquisition and integration of food and beverage operator Mitropa AG in 2004, SSP Germany has become the leading operator of food and beverage brands in the German rail station and motorway service markets. The acquisition of LSG’s airport restaurant business adds to SSP Germany’s existing airport operations in Düsseldorf International Airport, taking the total number of German airports in which SSP is present to six. LSG’s workforce of around 400 staff will be retained by SSP.

‘I’m pleased we’re significantly increasing our presence in this key market, with the acquisition of one of the leading players in the region,’ said Johann Weinzettl, CEO of SSP Central Europe, Middle East and India. ‘The German airport market represents a huge opportunity for growth for SSP. We have exciting plans for expansion within Germany and the rest of Europe, and this is an excellent platform for this growth.’
Andrew Lynch, SSP’s CEO continued; ‘SSP’s knowledge of the travelling consumer and our ability to deliver world-class brands will mean that we’ll be able to provide a great experience for passengers at these airports.’