Fraport AG Frankfurt Airport sell security subsidiary ICTS

Fraport AG is selling its ICTS Europe Holdings B.V. subsidiary to Deutsche Beteiligungs AG and one of its managed co-investment funds for a purchase price of EUR 100 mln, payable once contractual conditions have been satisfied. The complete transfer of ICTS Europe Holdings B.V. will take place when payment has been made by the purchaser.

ICTS Europe Holdings B.V. has been a wholly-owned subsidiary of Fraport AG since 2002 and is now active at about 81 locations in 24 countries. With a staff of about 10,100, the company focuses its operating business on providing security control of passengers at various airports – excluding Frankfurt and Frankfurt-Hahn. For the year 2007, ICTS Europe Holdings B.V. reports revenues of about EUR 320 mln.