Air BP has entered into an agreement to purchase the aviation fuel business, Statoil Fuel & Retail Aviation (SFR Aviation), from Canadian company Alimentation Couche-Tard. The deal will add around 73 new airports in the Nordic countries and Northern Europe to Air BP’s 600-strong global fueling network. SFR is selling its aviation fuel business, comprising supply at 79 airports across Norway, Sweden, Denmark, Faroe Islands, Greenland, Finland, the Netherlands and Germany, plus interests at three airports in the UK and Belgium.

The purchase agreement, which is subject to regulatory approvals, is expected to close by the end of 2014. On completion around 59 SFR Aviation employees, currently based in Norway, Sweden and Denmark, are expected to join Air BP.

“Bringing SFR Aviation’s business into our own strengthens our position in Scandinavia,” said David Gilmour, CEO of Air BP, “which is an attractive region for the aviation industry, especially in the general aviation market. This deal will grow BP’s airport coverage as well as introduce us to new customers and give us access to SFR Aviation’s quality infrastructure and operations. It complements our existing presence in the region and will allow us to expand where we see long-term prospects.”

The acquisition expands the reach of Air BP (Booth 2020) in new locations around the world, particularly in Norway, and also helps grow the company’s position in the general aviation customer segment.