By Dominic Chopping
STOCKHOLM--Swedish private-equity firm EQT AB said Friday that it has agreed to sell aviation-infrastructure-leasing company Unilode Aviation Solutions to Basalt Infrastructure Partners LLP.
EQT Infrastructure acquired CHEP Aerospace Solutions from Brambles Ltd. in 2016 and initiated a corporate carve-out and rebranding to Unilode.
Zurich, Switzerland-based Unilode owns and manages a fleet of 145,000 unit load devices --containers and pallets used for the transportation of baggage and cargo on aircraft-- that are provided under long-term, full-service leasing agreements to airlines and cargo carriers.
Financial details weren't disclosed.
The transaction is expected to close during the third quarter of 2021.
Write to Dominic Chopping at email@example.com
(END) Dow Jones Newswires