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Grant Thornton advises Swiss aviation industry technology provider Sita on the acquisition of Asistim
Düsseldorf, 25. July 2024
Swiss Sita S.C. (Société Internationale de Télécomunication Aéronautique), a global provider of technology solutions for the air transport industry, has announced the acquisition of the German Asistim GmbH, a Hannover-based company offering airline flight operations services. By means of the transaction, Sita continues to develop its service offering in the operations as a service market and to further pursue its growth strategy aiming to strengthen the Company’s offerings in end-to-end solutions at airports.
A team of financial experts from Grant Thornton Germany, especially comprising Tim Gonnermann, Dijana Dulovic and Dominik Hüttemann, successfully contributed to the completion of the acquisition by performing financial due diligence services and additional transaction advisory support, including advise on financially relevant aspects in the scope of the transaction documents.
Founded in 1949, Sita is a global specialist in air transport communications as well as information technology and is present in more than 1,000 airports worldwide. The company has followed its founder’s vision to reinvent travel and transport and sustainably transform travel from the very beginning.
As an expert in airline flight operation services, Asistim offers specialized flight operations to airlines. The ultimate aim is to improve airlines’ operational agility through outsourcing parts of their flight operations to Asistim’s team of airline experts. Beyond providing flight operation services, Asistim offers an approved flight dispatchers training with their Asistim Flight Dispatch Academy.
Team
Financial
Tim Gonnermann
Partner (Düsseldorf)
+ 49 211 9524 8252
tim.gonnermann@de.gt.com
Dijana Dulovic
Senior Consultant (Düsseldorf)
+ 49 211 9524 8768
dijana.dulovic@de.gt.com
Dr. Dominik Hüttemann
Consultant (Düsseldorf)
+ 49 211 9524 8756
dominik.huettemann@de.gt.com
About Grant Thornton in Germany
Grant Thornton AG is one of the ten largest audit firms in Germany, providing services to upper mid-market companies and listed companies, with around 1,900 employees at ten offices. The audit and advisory firm consists of the service lines Audit & Assurance, Tax, Advisory and Legal. The firm is legally independent. To be able to serve national clients internationally as well, the firm is a member of the international Grant Thornton International Ltd network (GTIL). GTIL and its member firms are not a worldwide partnership but legally independent entities. With around 73,000 employees, the Grant Thornton network advises companies in 149 countries across the world. www.grantthornton.de
Contact
Willi Keipper
Manager PR & Corporate Communications
+49 30 8904 82106
willi.keipper@de.gt.com