ASUR Expands Its Airport Operations with Acquisition of Motiva's Stake in the Americas

In an ambitious move to solidify its grip on the aviation sector in Latin America, Grupo Aeroportuario del Sureste, S.A.B. de C.V. (known as ASUR) has announced a strategic acquisition of Motiva Infraestrutura de Mobilidade's stake in Companhia de Participações em Concessões (CPC). This agreement, valued at R$5 billion (approximately USD $936 million), will not only expand ASUR's operations but also bolster its position as a leading airport operator in the Americas.

Details of the Acquisition

The transaction will give ASUR ownership of 20 key airports located across Brazil, Ecuador, Costa Rica, and Curaçao. Noteworthy assets involved in this acquisition include the Quito International Airport in Ecuador, Juan Santamaria International Airport in Costa Rica, and several significant airports in Brazil, such as the Confins International Airport and Pampulha airport. Together, these locations currently serve millions of passengers and contribute substantially to the regional aviation market.

With an expected enterprise value of R$13.7 billion (USD $2.566 billion), this acquisition significantly enhances ASUR's operational footprint, allowing it to tap into new passenger markets effectively. According to reports, the airport portfolio is projected to yield an EBITDA of R$2 billion (USD $375 million) by September 2025. This reflects ASUR's strategic commitment to increasing its profitability and market share in the burgeoning Latin American aviation sector.

Strategic Expansion Plans

This acquisition aligns with ASUR’s broader expansion strategy in the region, which includes established operations in Mexico, Colombia, and Puerto Rico. With the addition of Motiva's assets, ASUR aims to cater to over 45 million additional passengers, complementing the current 71 million passengers served in 2024. This marks a crucial step in ASUR’s journey to becoming the dominant airport operator across the Americas.

The new airports come with an average remaining concession life exceeding 15 years, ensuring long-term operations and viability in these lucrative markets. This strategic geographical diversification not only stabilizes ASUR's revenue streams but also minimizes risks associated with relying on a single market or location.

Financial Backing and Support

To facilitate this acquisition, ASUR is set to leverage its existing cash resources along with committed debt financing primarily sourced from JPMorgan Chase Bank, N.A., which emphasizes the financial confidence that ASUR enjoys among major investors. J.P. Morgan Securities LLC has taken on the role of exclusive financial advisor for this transaction, indicating the significance and anticipated impact of the deal within the financial community.

Legal advisory support comes from a reputable list of firms including BMA Advogados, CorralRosales, and Deloitte, ensuring that the transaction adheres to required legal frameworks and best practices within the aviation industry.

Commentary from ASUR and Motiva

ASUR's leadership views this acquisition as a transformative opportunity, positioning the company to better serve the growing transportation needs within Latin America and the Caribbean. This acquisition represents a clear strategic alignment with ASUR's vision for growth and efficiency in airport operations.

Motiva, the largest mobility infrastructure company in Brazil, has had a significant impact on the aviation landscape and continues to lead innovative endeavors within the transportation sector. Their decision to partner with ASUR signifies a collaborative ambition to enhance airport operations while ensuring operational excellence across various assets.

Future Outlook

The closing of this pivotal transaction is projected for the first half of 2026, pending customary conditions precedent. ASUR’s growth trajectory not only reflects its robust expansion plans but also showcases a marked shift in the regional approach to airport operations and management.

As ASUR prepares to fortify its market presence, stakeholders and industry analysts are keenly observing how this acquisition unfolds and its implications for the future of air travel within the Americas. With proactive measures in place and a clear strategic vision, ASUR is poised to redefine its role as a prominent player in the aviation sector.

For more information regarding this acquisition and ASUR's operations, you can explore their official website at asur.com.mx.