Emirates Group's dnata eyeing M&A deals
ROADS & HIGHWAYS

Emirates Group's dnata eyeing M&A deals

The CEO of dnata, part of the Emirates Group, mentioned that they were exploring merger and acquisition (M&A) opportunities in various industries and regions, including South America. He stated that they were in discussions with approximately 40 companies at any given time, with numerous deals nearing finalization. Chief Executive Steve Allen informed Reuters that their focus primarily lay on acquiring small to medium-sized businesses.

He emphasised South America as a significant growth market, highlighting countries like Brazil. Additionally, he remarked on the potential for consolidation in airport ground handling services on a global scale.

Established in 1959, dnata operates as a sister company to Emirates airline, offering services such as catering to airlines and handling baggage and cargo. They also manage businesses involved in selling holiday packages and providing travel booking services for retail and corporate clients. According to the Emirates Group's annual report released, dnata's profit for the fiscal year ending on March 31 increased more than fourfold to $381.2 million.

The surge in revenue, which rose by nearly 30% to 19.2 billion dirhams, was attributed to increased flight operations and global travel. Allen informed journalists that these results were partly due to long-term contracts renegotiated by dnata, accounting for higher labour and food expenses.

Regarding the recent severe storm in the United Arab Emirates, which disrupted operations at Dubai's airport and led to numerous flight cancellations, Allen stated that the financial impact was relatively minor. However, any effects would be reflected in their current fiscal year, which commenced in April.

The Emirates Group announced a 71% increase in annual profit, reaching a record 18.7 billion dirhams, and declared a dividend of 4 billion dirhams for its owner, Dubai's sovereign wealth fund ICD.

The CEO of dnata, part of the Emirates Group, mentioned that they were exploring merger and acquisition (M&A) opportunities in various industries and regions, including South America. He stated that they were in discussions with approximately 40 companies at any given time, with numerous deals nearing finalization. Chief Executive Steve Allen informed Reuters that their focus primarily lay on acquiring small to medium-sized businesses. He emphasised South America as a significant growth market, highlighting countries like Brazil. Additionally, he remarked on the potential for consolidation in airport ground handling services on a global scale. Established in 1959, dnata operates as a sister company to Emirates airline, offering services such as catering to airlines and handling baggage and cargo. They also manage businesses involved in selling holiday packages and providing travel booking services for retail and corporate clients. According to the Emirates Group's annual report released, dnata's profit for the fiscal year ending on March 31 increased more than fourfold to $381.2 million. The surge in revenue, which rose by nearly 30% to 19.2 billion dirhams, was attributed to increased flight operations and global travel. Allen informed journalists that these results were partly due to long-term contracts renegotiated by dnata, accounting for higher labour and food expenses. Regarding the recent severe storm in the United Arab Emirates, which disrupted operations at Dubai's airport and led to numerous flight cancellations, Allen stated that the financial impact was relatively minor. However, any effects would be reflected in their current fiscal year, which commenced in April. The Emirates Group announced a 71% increase in annual profit, reaching a record 18.7 billion dirhams, and declared a dividend of 4 billion dirhams for its owner, Dubai's sovereign wealth fund ICD.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?