SATS Ltd., a global leader in gateway services and provider of food solutions, has announced the proposed acquisition of Terminal & Transporttjänst i Sigtuna AB (TT) and APH Logistics AB (APH), by its wholly-owned subsidiary, WFS Sweden AB for 94 million Swedish Kroner.
This move will strengthen the SATS Group's presence in the Stockholm market and its specialized cargo handling capability, as well as add new capacity for growth.
SATS, an aviation cargo, ground handling and food solutions company based in Singapore, has been focused on advancing its twin-engine growth strategy by strengthening its core operations in Singapore and replicating its capabilities to expand internationally. On April 3, 2023, the SATS Group
acquired global air cargo logistics provider Worldwide Flight Services (WFS), transforming the group into a global air cargo logistics player with comprehensive worldwide coverage across the Americas, Europe, the Middle East and Asia. Its cargo platform has a network of more than 220 locations in 27 countries, covering trade routes that control more than 50 percent of global air cargo volumes. The Group operates in seven of the top 10 cargo airports in Europe and five of the top 10 airports in North America and Asia, respectively. It manages 800,000 sq. m. of cargo warehouse space at or near airport locations, enabling the Group to capitalise on growth across the cargo supply chain and benefit from stronger demand for eCommerce and specialised cargo handling for items such as pharmaceuticals and perishables.
Both TT and APH operate out of Stockholm Arlanda, the largest airport in Sweden. TT provides cargo handling and transportation services to airlines, freight forwarders and time-critical medical suppliers. APH specializes in border inspection services with perishable and cold chain facilities, which complements the air cargo services provided by TT.
John Batten, CEO of Gateway Services, WFS EMEAA, said, “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 13,000 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 endto-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.”
