Worldwide Flight Services (WFS) has announced the acquisition of IAS Logistics DFW, LLC (“Pinnacle Logistics”), a provider of cargo handling services in the United States.
In a statement, the air cargo handler noted that Pinnacle is headquartered in Fort Worth, Texas, and is a leading provider of cargo handling services for the aviation market in the US and is focussed on specialist express cargo handling for e-commerce customers.
"The acquisition delivers on WFS’s commercial growth strategy, which includes accelerating revenue growth in cargo handling through product development including high-growth specialist e-commerce handling," WFS said.
Financial details were not disclosed.
Michael Simpson, WFS’s EVP Americas, commented: "The acquisition of Pinnacle Logistics enhances our core cargo and express cargo handling value proposition to customers, and Pinnacle’s established trucking logistics business further expands our service offering."
Simpson noted that the acquisition is a strong strategic and cultural fit for WFS.