CDPQ and Ardian completed the acquisition of significant equity interest in GSE provider Alvest
12 February 2018
Caisse de dépôt et placement du Québec (CDPQ) in Canada, and Paris, France-based Ardian have completed the acquisition of a significant equity interest in French airport GSE provider, Alvest. The acquisition is expected to enhance Alvest’s capacity and benefit its customers, including passenger airlines, cargo airlines, ground handlers and airport authorities. Alvest CEO, Jean-Marie Fulconis, said: “This powerful long-term backing will allow us to continue to make substantial investments in new technologies and products, and to bring our support and green contribution to our customers and the aviation industry to the next level.” Alvest’s hybrid vehicle TaxiBot moves aircraft without using jet engines, reducing airline dependence on fossil fuels and decreasing CO2 emissions. The company plans to introduce a variety of electric equipment to enable the airports to go greener, including driverless vehicles.