Seeking Alpha

World Fuel's $191M acquisition to expand U.K. land segment

  • World Fuel Services (INT) agrees to acquire Watson Petroleum, a distributor of gasoline, diesel, heating oil, lubricants and other products and related services across England and Wales, for £117M ($191M).
  • Watson is one of the largest fuel distributors in the U.K., with expected 2013 revenue of $2.2B.
  • INT expects non-GAAP accretion, which excludes amortization of acquired intangible assets of ~$0.10/share, of $0.28-$0.32 in the first 12 months.
Comments (1)
  • sadmk28
    , contributor
    Comments (28) | Send Message
     
    Looks like good news,once again an accretive acquisition and expands land.All thats need now is some closure on the Quebec rail accident exposure.
    6 Jan 2014, 10:20 AM Reply Like
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