Airport IT specialist sold in £20m deal

Manchester Airport
A firm which specialises in airport IT systems has been sold in a deal valued at £20m. Ultra Airport Systems – which is based in Wythenshawe close to Manchester Airport – has been bought by American firm ADB Safegate. Ultra Airport Systems products are used by about 150 hub and 100 airlines. The systems are designed to improve operational performance, baggage management and passenger processing. Last year the business had revenues of £18.9m and an operating profit of £3.2m. Assuming satisfaction of all closing co... For the full story register now for free or login below...