Asure Software (ASUR) Expands U.S. Presence with URW Airports Acquisition

ASUR Strengthens U.S. Presence with URW Airports Acquisition

Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ASUR) marks a significant milestone in its growth strategy with the recent completion of its acquisition of URW Airports, LLC, a retail developer and operator at major U.S. airports. This strategic move, valued at $295 million, positions ASUR to expand its operational footprint in the competitive U.S. airport retail market. The newly acquired entity will operate under the name ASUR Airports, LLC, and is set to manage commercial programs at key terminals across prominent airports such as Los Angeles International Airport, Chicago O'Hare International Airport, and John F. Kennedy International Airport.

The acquisition of URW Airports enhances ASUR's portfolio, allowing it to manage concessions in 16 airports across the Americas, including nine in southeast Mexico and six in northern Colombia. This strategic expansion not only diversifies ASUR’s revenue streams but also strengthens its position as a leading player in the aviation sector. With URW’s established presence in the U.S. market, ASUR Airports will leverage existing relationships with airport authorities to enhance the passenger experience through improved retail and dining options.

ASUR's growth strategy is further supported by its 60% stake in Aerostar Airport Holdings, LLC, which operates Luis Muñoz Marín International Airport in Puerto Rico. This airport was the first major U.S. airport to successfully implement a public-private partnership under the FAA Pilot Program, showcasing ASUR's commitment to innovation and strategic development within the aviation industry. By integrating URW Airports into its operations, ASUR not only expands its commercial capabilities but also reinforces its ambition to lead in airport and terminal development in the United States.

In addition to its expansion efforts, ASUR continues to focus on enhancing operational efficiency and customer satisfaction across its airport concessions. The acquisition is expected to bring substantial operational synergies, allowing ASUR to streamline its management processes and deliver a more cohesive experience for travelers.

Overall, the acquisition of URW Airports is a pivotal development for ASUR, reflecting its ongoing commitment to growth and its strategic vision to become a dominant force in the U.S. airport retail landscape. For further details about ASUR and its operations, visit www.asur.com.mx.