WFS acquisition makes SATS largest global air cargo handler

The deal is valued at $2.1B

Photo / WFS

Singapore-based ground handler SATS purchased Cerberus-affiliated Worldwide Flight Services (WFS) at an enterprise value of 2.25 billion euros (US $2.1 billion), making it the largest global air cargo handler in the market.  WHY IT MATTERS: The deal is part of SATS’ “twin growth engine” strategy to expand its network, according to SATS’ Sept. 28 release. […]

Already subscribed? Click below.

Exit mobile version