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Announced

SATS to acquire Terminal & Transporttjänst i Sigtuna and APH Logistics for $9m.

Synopsis

SATS, a gateway services provider, agreed to acquire Terminal & Transporttjänst i Sigtuna and APH Logistics, two cargo handling companies, for $9m. “The investment is a significant milestone in strengthening our offering in Stockholm Arlanda Airport, ranked in the top 30 European cargo airports. The addition of TT and APH will provide WFS Sweden with an additional 13k sqm of warehouse space and downstream air cargo handling capacity to allow it to diversify and expand its product offerings to meet customers’ demands. Indeed, seamless end- to-end connectivity that will enable greater efficiency and speedier cargo handling is the way forward to provide added-value service in this evolving industry. We will be able to broaden our service to include new services such as Sweden's local and EU cargo transport and border inspection points. The investment will also provide an opportunity for WFS’s global customers to benefit from this expansion in Sweden,” John Batten, SATS CEO of Gateway Services, WFS EMEAA.

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