Leading UK ground transport and accommodation provider CMAC has been advised by Seneca’s Corporate Finance Team during its acquisition of Spanish based company, Aircinks Solutions.
Operating for 10 years, Aircinks has built a solid foundation serving and supporting airlines across Spain, Portugal and Morocco, during flight disruption.
Following the launch of CMAC operations in Greece last year, the expansion into Spain sees the Lancashire head quartered organisation buck the trend around Brexit uncertainty, extending their footprint into Europe. CMAC now serve over 130 Airports.
Peter Slater, COO of CMAC Group commented: “The acquisition of Aircinks has given us a great platform to build our services across Spain and Portugal and, along with our Greece operation, is a significant step in the development of CMAC as a major player in airline disruption across Europe. Many businesses may be cautious about expanding in Europe, but we feel this is absolutely the right time to be investing in the Continent and providing our services to new and existing customers.”
Seneca’s Head of Corporate Finance, Gordon Lane worked on the deal along with David Brown and Viyay Mistry.