World Kinect (WKC) Corporation announced that a wholly owned subsidiary has signed a definitive agreement with Universal Weather and Aviation to acquire its Trip Support Services division. The total purchase price is approximately $220M, consisting of $160M of cash at closing and $60M payable over four years. The company stated the transaction is expected to be approximately 7% accretive to adjusted EPS in the first year and achieve approximately $15M in annual net cost synergies by the end of the second year. The transaction is expected to be completed within 60 to 90 days.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on WKC:
- World Kinect’s Earnings Call: Mixed Outlook with Strong Aviation Performance
- World Kinect price target lowered to $33 from $35 at Raymond James
- World Kinect Corporation’s Q2 2025 Financial Performance
- World Kinect reports Q2 adjusted EPS 59c, consensus 48c
- World Kinect Appoints Gregory Piper to Board