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WFS acquisition makes SATS largest global air cargo handler

The deal is valued at $2.1B

Ashley MowreaderbyAshley Mowreader
September 29, 2022
in News
Reading Time: 3 mins read
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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. […]

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Tags: ACNmergers and acquisitions (M&A)PremiumSingapore Air Terminal Services Ltd. (SATS)Worldwide Flight Services (WFS)
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