Barcelona-based airport concession operator Areas has closed on a deal with Delaware North to acquire its United States-based airport food, beverage, and retail business, Travel Hospitality Services (THS).

Terms of the deal have not been announces and the transaction is subject to regulatory approval in the U.S. and other customary closing conditions.

As part of the agreement, Areas will take over the management of 237 THS locations across 22 U.S. airports, supported by a team of 4,000 employees and generating over $500 million in annual revenue.

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The combined company will operate a total of 369 locations in 27 airports and 12 travel plazas, and strengthen its workforce in the U.S. with a team of over 6,000 people. USA is now Areas

On a global scale, Areas will now generate over $3 billion in annual revenue, with 2,200 points of sale and 24,000 employees across 11 countries.

Following this acquisition, Areas USA becomes the company’s largest business unit worldwide, accounting for 30% of the group’s total revenue, ahead of France and Iberia.

“The acquisition of THS represents a giant step forward in our growth strategy in the U.S. market, positioning the country as our number one business unit and strengthening our leadership in the global travel hospitality industry,” said Óscar Vela, Areas CEO. “We warmly welcome the THS teams joining our organization, who share our service mindset and commitment to delivering the best possible experience to travellers.”