About us

About us

Company Profile


Andino Global is focused on the growth of airport and port infrastructure, airport and maritime logistics services sector, incorporating sustainability in all its operations in a strategic manner. By integrating a triple impact management approach: environmental, social and governance, Andino Global ensures the highest standards of service and respect for the environment and the community.

History

1972

Origins

In 1972 Cosmos Agencia Marítima S.A.C (Cosmos) was established with the purpose of providing the best maritime agency service to vessels calling at Peruvian ports. As time passed, services expanded to include cargo handling and stowage, towingand pilotage, river andand maritime transportation, operation and maintenance of multi buoy terminals, amongst others.

1980 – 1993

Business Expansion

Over the next years the Group expanded its service portfolio, with Neptunia in 1980, and Triton Transports in 1993.Neptunia was the leading maritime storage terminal in the Peruvian maritime foreign trade sector. It was created with the aim of facilitating the operations involved in the foreign trade process through technological innovation and state of the art infrastructure.Triton Transports was a subsidiary dedicated to provide land transportation solutions, complementing services for foreign trade and generating synergies between companies.

2005

Incorporation of Andino Investment Holding (AIH)

Andino Investment Holding was formed as an investment holding entity in order to align the objectives of the group companies and their partners.

2006 – 2010

Diversification

Once the holding company was created, new businesses were developed to provide integrated services within the logistics chain.

File Service S.A. was acquired in 2007. It was the leading company in providing document management solutions, with the purpose of managing customer information more efficiently.

Inmobiliaria Terrano S.A. was established in 2008 to develop a 34.6 acres plot of landowned by the Group, adjacent to Lima's Jorge Chávez International Airport and at short distance from the port of Callao. Terrano would be responsible for developing multipurpose facilities for both the logistics and aviation sectors.
Multitainer, established also in 2008, offered two main services: container rental and sale for camp/module implementation, and support services such as transportation, handling, maintenance, and repair.
Almafin started operations in 2009 as an official General Warehouse, supervised by the peruvian Banking, Insurance and Pension Fund Superintendence.. The company's main objective is to address the financial and working capital needs within the logistics chain, by structuring warrants.
Terminales Portuarios Euroandinos S.A. (TPE) was a 50/50 SPV establishedby Mota-Engil, a Portuguese corporation, and Cosmos. In 2009 TPE won the 30-year concession to operate and invest in the Port of Paita, located on the northern coast of Peru. TPE assumed control of the port on October 8, 2009. Paita is the second largest container port in Peru, after Callao.
Aeropuertos Andinos del Perú (AAP) is a consortium formed by AIH and Corporación América S.A. (CASA) of Argentina. In September 2010, AAP was awarded the 25-year concession contract to operate and invest in a group of five airports located in the south of Peru: Arequipa, Ayacucho, Juliaca, Puerto Maldonado and Tacna.

2012

Initial Public Offering on the Lima Stock Exchange

For AIH, 2012 was a period marked by the incorporation of the Group on the stock market, which meant not only a change in the way of group financing, but also a change in the way of working and operating.

At the beginning of the year, the primary offering of AIH shares took place, which brought fresh capital into the company, as well as new investors into the shareholding.

2017 – 2018

The Search of New Business

During these years, the container shipping business was booming. The shipping lines, as well as large container terminal operators, were seeking to consolidate their businesses, and be part of the logistics chain. As a result, the Holding Company analyzed the market opportunities, the challenges for the coming years, and the Group's strengths in the context of the global economic and political landscape. This analysis led to the design of a business plan that included the divestment of Cosmos Agencia Marítima, Neptunia , Tritón Transports and the participation in TPE. This execution of this strategy resulted in an international transaction with above of the market standard multiples, leaving the company debt-free and with sufficient cash to implement the new business plan.

2019 – 2021

The Pandemic

In this period we ventured into the financing sector; We saw that by combining working capital financing and logistics we could contribute to the better development of our clients, which is why in the second quarter of 2019 Andino Capital was created, dedicated to structuring and granting financing based on the Warrants issued by Almafin. . In this way, we provide our clients with customized solutions, taking on the challenge of positioning Andino Capital as a solid company in the financial market.

Andino consolidated the group plan, with four primary business lines:
(i) Airport Infrastructure and Services
(ii) Logistics
(iii) Logistics Real Estate
(iv) Financial Services

In 2020 the spread of COVID-19, and the consequent measures adopted by governments, had serious repercussions on the world's major economies. These measures interrupted production chains and caused widespread border closures which affected foreign trade.
In this context, regional integration and foreign trade were instrumental strategies to exiting the crisis in Latin America and the Caribbean, where infrastructure and logistics played a key role.
In[c] accordance with the business plan drawn up in 2018, in 2019 Servicios Aeroportuarios Andinos S.A. (SAASA) was authorized by local officials as a Temporary Air Warehouse, and started providing cargo warehousing services in May of that year. Services were provided to Air Caribe, Línea Área Boliviana - Amazonas, ATSA and Aerolíneas Argentinas. Towards the end of 2019, a very important agreement was reached with IAG - Iberia and British Airways: C argo, ramp and FBO operations for IAG and cargo services with Aerolíneas Argentinas starteds on March 2020, adding this service to the ramp and FBO service that commenced in 2019.
In line with the Group's business plan, INFINIA Operador Logístico also began operations in 2021 by incorporating an important portfolio of clients acquired in an M&A transaction.. At the end of that year, Cosmos Agencia Marítima was bought back, thus strengthening the Group's capacity to serve the maritime, port and logistics sector through a comprehensive range of solutions.

2022

Internationalization

After the consolidation of the four primary business lines, the next milestone was the internationalization of the Group, in order to diversify and develop new markets.


The first step was the acquisition by SAASA of 100% of the shares in Globalia Handling Mexico, a company dedicated to providing ground handling services for commercial and cargo aircraft at the airports of Mexico City, Toluca and Merida.

During the second half of 2022, Andino Inversiones Global SA (Andino Global) was created becoming AIH,s majority shareholder, after completing a share exchange with from AIH´s main shareholders.

Governing Bodie

Chief Executive Officer

Economist from Universidad Pacífico, with Business Administration studies at Harvard Business School. He was General Manager of Neptunia S.A. from 2000 to March 2010. He is a member of the Advisory Board of the companies Operadora Portuaria S.A., Inmobiliaria Terrano S.A., Almacenes Financieros S.A., Servicios Aeroportuarios Andinos S.A., Multitainer S.A., Tritón Trading S.A., among others. He has been serving as General Manager of Andino Investment Holding since March 2010.

Chief Executive Officer

He has a degree in Economics and Business Sciences and Auditing from CUNEF and has an MBA from the International Institute of Management Development of Lausanne. He has been AVP in Finance and Investments at Banesto and Executive Director, treasurer and member of the Advisory Council at Telefónica USA and member of the Advisory Council of the Alianza por Iberoamérica Business Council (CEAPI).

He is currently president of the group of Civil Works and Building Engineering companies, Grupo SEG (www.grupo-seg.com), with more than 1,000 people, and with offices in 12 countries in Spain and Latin America. He is, in turn, senior advisor to Iberia for LatAm, president of the group of family businesses, Grupo ANTA (with investments in real estate, finance and F+B) and of the Finca Sandoval Winery, in Manchuela. Additionally, he is a member of the Global Advisory Board of the Young Presidents Organization (YPO).

Lawyer from the Pontifical Catholic University of Peru (1996), she has a diploma in Management and Leadership from the Peruvian University of Sciences (2007). She has extensive experience in consulting at both the public and private levels, holding management positions since 2007. She has been an advisor in the Ministries of Labor and Production between 2002 and 2006 and Legal Manager at Corporación Pesquera Inca S.A.C.-COPEINCA. Since November 2013 she has held the position of Legal and Corporate Affairs Manager of ANDINO.

Bachelor of Science - University of Tampa – United States. Master in Business Administration – INSEAD. He is General Manager of the company Tritón Trading S.A. and Director of ANDINO since 2008.

Graduate in Economics from the Universidad del Pacifico (1990) and Master in Business Management from the University of Piura (1999). He began his professional career as founder and General Manager of Perú Fashions (1986), a leading company in the textile-clothing export sector, at the age of 20. He is currently managing partner of the company Omaha Inversiones (2008) and was a part-time professor at the Universidad del Pacifico. He was also director of companies such as Síntesis Química and Omina Medica. He has been a member of the ANDINO board of directors since 2019.