News / Platinum injection sets up cargo handler WFS for a shopping spree to boost growth

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WFS, the global air cargo handler, plans to double in size as it spends the next two years in an “acquisition-oriented” phase. In what appears to be a growing trend in the logistics sector, it has been acquired by US private equity firm Platinum Equity for an undisclosed amount.

Its management, however, continues to hold an equity stake and says the buy-out will give WFS the ability to grow – fast.

“It’s freedom,” said Olivier Bijaoui, executive chairman, president and CEO of ...