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Brambles spins off CHEP Aerospace

Brambles has agreed to divest CHEP Aerospace Solutions, the Group's ULD pooling, management, maintenance and repair provider for the aviation industry, to EQT Infrastructure II. The transaction will be completed during November 2016.

The existing CHEP Aerospace Solutions leadership team will remain in place and will continue to focus on customer service and innovative solutions that are creating sustainable value across the industry. For its part, EQT Infrastructure is committed to further strengthening the company's capabilities and providing access to valuable industry experience through an industrial board of directors, which includes senior leaders with aviation expertise.

The company will retain its headquarters in Switzerland, along with regional operations centres in the UK, Thailand and the US, as well as global service centres in Europe, the Middle East and Africa, Asia Pacific and the Americas. At an appropriate date following the completion of the acquisition by EQT, CHEP Aerospace Solutions will be rebranded.


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