Skytanking Signs Agreement to Buy Two Aviation Fuelling Service Companies in Italy: HUB Srl and PAR Srl
Under the contract Skytanking will purchase 100% of the shares in HUB abd PAR from the current owners Esso Italiana Srl, ENI Rete Oil & Non Oil SpA and Kuwait Petroleum Italia SpA. HUB and PAR provide into-plane fuelling services at Milan Malpensa, Rome Fiumicino, Milan Linate, Naples and palermo airports, fuelling over 200,000 aircrafts per year and employing around 180 staff.
ENI, Esso and Kuwait Petroleum selected Skytanking after a competitive tender that ranked bidders on price, the quality of their proposal and into -plane fuelling expertise. Skytanking expects to finalise the aquisition in the coming weeks following the completion of a number of formalities.
This is Skytanking's first move into the aviation fuelling market in Italy and is a welcome addition to Skytanking operations in Germany, Belgium, France, Austria and Switzerland. With the purchase of HUB and PAR, Skytanking will be active in aviation fuelling at 26 airports in Europe, the USA and Asia.
Skytanking is a subsidiary of Marquard & Bahls AG of Germany, a leading independent petroleum company. Skytanking provides a full range of aviation fuelling services including engineering, building, owning and operating aviation fuel storage and hydrant facilities and providing into-plane services to airlines, airports and oil companies. The company is represented at 21 airports in Europe, the USA and Asia.