05-Apr-2011 2:49 PM
World Fuel Services acquires Ascent Aviation Group
Analysis
World Fuel Services Corporation completed its acquisition of Ascent Aviation Group, a distributor of aviation fuel and de-icing fluids. Ascent, based in New York, supplies aviation fuel and de-icing fluid to more than 450 airports and fixed-base operators throughout North America. The transaction is expected to be USD0.03-0.05 accretive to earnings in the first 12 months
World Fuel Services shares rose 0.5% on Monday. Amadeus shares lost 2%.
Selected aviation suppliers share price movements (% change): 04-Apr-2011
