newstodate.aero
Jun 20, 2018 (newstodate): The worlds largest air cargo handler and a leading provider of ground handling services, WFS has a new owner - again.
New York-based investment company Cerberus Capital Management, L.P. announced on June 19 that one of its affiliates has entered into an agreement to acquire WFS from Platinum Equity.
Platinum Equity acquired WFS only in Spring 2015 from its former owner, LBO France, thus holding on to the company for only four years.
-Cerberus has extensive operational experience and a successful track record in aviation and we are excited to support WFSs next stage of growth, says Brett Ingersoll, Head of Global Private Equity and Senior Managing Director of Cerberus, in a release on the acquisition.
Founded in 1971, WFS with 22,800 employees serves over 300 airlines at 198 major airports in 22 countries on five continents.
In the Scandinavian context, WFS started cargo handling operations in Denmark at Copenhagen Airport in Spring 2006, adding Swedish operations at Stockholm Arlanda Airport from June 1, 2012.
Managing WFS in Scandinavia since July 1, 2017, is Jimi Daniel Hansen as WFS General Manager Scandinavia.
New York-based investment company Cerberus Capital Management, L.P. announced on June 19 that one of its affiliates has entered into an agreement to acquire WFS from Platinum Equity.
Platinum Equity acquired WFS only in Spring 2015 from its former owner, LBO France, thus holding on to the company for only four years.
-Cerberus has extensive operational experience and a successful track record in aviation and we are excited to support WFSs next stage of growth, says Brett Ingersoll, Head of Global Private Equity and Senior Managing Director of Cerberus, in a release on the acquisition.
Founded in 1971, WFS with 22,800 employees serves over 300 airlines at 198 major airports in 22 countries on five continents.
In the Scandinavian context, WFS started cargo handling operations in Denmark at Copenhagen Airport in Spring 2006, adding Swedish operations at Stockholm Arlanda Airport from June 1, 2012.
Managing WFS in Scandinavia since July 1, 2017, is Jimi Daniel Hansen as WFS General Manager Scandinavia.