World Kinect To Acquire Universal Weather's Trip Support Services Division For $220M

World Kinect Corporation +1.69%

World Kinect Corporation

WKC

23.45

+1.69%

World Kinect Corporation (NYSE:WKC) today announced that a wholly owned subsidiary of the company has signed a definitive agreement with Universal Weather and Aviation to acquire their Trip Support Services (TSS) division. The total purchase price is approximately $220 million, consisting of $160 million of cash payable at closing and $60 million payable over four years.

Universal Weather, headquartered in Houston, Texas, is a pioneer in trip support services with deep expertise in international travel regulations, logistics, and supply chain management. It serves business and general aviation customers globally.

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