Worldwide Flight Services to be Acquired by SATS to Create the Preeminent Global Air Cargo Handling Platform
Worldwide Flight Services (“WFS”) today announced that SATS Ltd. (“SATS”) has reached an agreement to acquire WFS from an affiliate of Cerberus Capital Management (“Cerberus”). The transaction is valued at an enterprise value of €2.25 billion. The transaction will bring together WFS, the world’s largest air cargo handler with leadership positions in the Americas and […]
