SATS completed the acquisition of Worldwide Flight Services from Cerberus Capital for €2.25bn.

SATS, Asia's provider of food solutions and gateway services, completed the acquisition of Worldwide Flight Services, an air cargo logistics provider and providers of ground handling and technical services, from Cerberus Capital, a private equity firm, for €2.25bn. “This is a transformational opportunity for SATS and our proposed acquisition of WFS will create a global leader that can become the go-to provider of mission critical aviation services. From our hub in Singapore, and in our newly combined markets, SATS and WFS will be at the heart of global trade flows, operating in the world’s busiest airports and supporting the biggest companies," Kerry Mok, SATS President and CEO.