- Saudi Logistics Services (SAL) acquires 100% of Belgium’s Aviapartner Liège SA in a USD 32.7M cash deal.
- Aviapartner Liège SA provides ground handling and cargo services across 75 airports in Europe and Africa.
- Acquisition expands SAL’s global footprint, diversifies revenue, and strengthens operational synergies with airlines and advanced airport infrastructure.
Aviapartner Liège
Saudi Logistics Services Company (SAL) signed a USD 32.7 million (SAR 123M) to acquire the full 100% stake in Belgium’s Aviapartner Liège SA. Furthermore, SAL entered a conditional sale and purchase agreement with sellers Aviapartner Belgium NV and Aviapartner Holding NV to acquire Aviapartner Liège SA.
Under the agreement, SAL will acquire the full 100% stake in Aviapartner Liège SA, with the entire transaction to be paid in cash upon closing. The deal is based on an enterprise value of around USD 32.7 million (SAR 123M). Moreover, it remains subject to customary closing conditions and the receipt of all necessary regulatory approvals, as applicable.
Cargo Services
Headquartered in Liège, Belgium, Aviapartner Liège SA, is a ground handling and cargo services company operating across Europe and Africa.. Furthermore, it provides ground handling services across 75 airports across Europe and Africa.
The acquisition supports SAL’s international expansion, establishing a direct operational presence in one of Europe’s key air cargo hubs. Additionally, it seeks to broaden SAL’s range of cargo handling and logistics services at international airports and diversify its revenue sources. It also aims to create operational synergies through access to advanced infrastructure and established relationships with airlines within a developed operational environment.
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