3i Infrastructure plc (3i) has annnounced the completion of its further EUR394 million (US$390 million) investment in TCR.

The transaction, which was announced on 14 June 2022, takes 3i Infrastructure's equity stake to approx. 96% alongside management.

TCR is a provider of Ground Support Equipment (GSE) rental solutions and services, supporting air industry in their ground handling processes. The business is present in over 160 airports, with more than 30,000 GSE assets in its rental fleet.