In 2017 Groupe ADP increased its stake in TAV Airports to 46%. This acquisition identifies TAV Airports as the main growth vehicle of Groupe ADP in Emerging Europe, Baltics, CIS, Middle East and Africa.
TAV Airports built its growth strategy on three pillars: organic growth, inorganic growth, and growth of service companies.
We are on three continents, in seven countries, and at 14 airports. The number of passengers we serve increased 10% and reached 115 million in 2017. Our primary target in the upcoming period will be to maximize our revenue and profitability at all the airports where we operate.
With our strong partners and integrated business model, we plan to focus on new and profitable business opportunities all over the world in the coming period.
Over the years, our service companies have significantly contributed to TAV's success and started to provide services at airports not operated by TAV. We believe that the world aviation sector will soon meet with our star companies rising from Turkey in areas such as duty free, food & beverage, ground handling and information technologies.