gategroup Completes Acquisition of Cara Airline Solutions

By Gategroup, PRNE
Sunday, November 7, 2010

ZURICH, November 8, 2010 - Having met all customary closing conditions, gategroup today acquired
substantially all of the business assets of Cara Airline Solutions, Canada's
premier airline catering and logistics provider, from Cara Operations

Cara Airline Solutions achieves annual revenues of approximately CHF 200
and was obtained on favorable terms. Furthermore, the acquisition
achieved important entry points for gategroup's core company Gate Gourmet
into Canada, where it previously had no presence.

"We are confident that the combination of Gate Gourmet and Cara Airline
Solutions will create beneficial opportunities that would not have existed
previously for customers and other stakeholders, while complementing
gategroup's existing presence across the Americas," said Guy Dubois,
gategroup Chief Executive Officer.

With the addition of Cara Airline Solutions' 10 facilities at some of
Canada's busiest and largest airports, including Toronto, Montreal and
Vancouver, Gate Gourmet now globally serves approximately 275 million
passengers annually from 107 airline catering kitchen. While Cara Operations
Limited has agreed to allow gategroup to continue using the Cara Airline
Solutions name through the transition period, Gate Gourmet is the sole owner
and operator of the business.

The acquired company now operates as Gate Gourmet Canada Inc., under the
leadership of Doug Goeke, who has been appointed as President and Managing
Director for the new entity. Goeke most recently served as Chief Financial
Officer for Gate Gourmet's North America region. Goeke reports to Andrew
, Group Senior Vice President and President of gategroup's North

Gibson acknowledged contributions to date by Cara Airline Solutions
employees and the strong future anticipated for Gate Gourmet Canada. "This
gives us the opportunity to take the best of both companies and improve our
operations," he said. "We'll get to meet and work with new customers,
strengthen existing relationships, and offer more innovative, world-class
services — for which Cara Airline Solutions and Gate Gourmet are well known
and respected."

About gategroup
gategroup is the leading independent global provider of onboard services to
companies that serve people on the move. gategroup comprises 11 brands:
deSter, eGate Solutions, Elan, Gate Aviation, Gate Gourmet, Gate Safe,
Harmony, Performa, potmstudios, Pourshins and Supplair.

The Group's world-class capabilities are focused in catering and
hospitality; provisioning and logistics; and onboard solutions. Our customers
include top airlines and railroads around the world that rely on our
expertise and solutions tailored to their guests, service offerings and
geographic regions.

Shares of Zurich-based gategroup are traded on the SIX Swiss Exchange
under the symbol GATE. Please visit

Christina Ulosevich, +1-703-964-2357, culosevich at

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