Investments
4Portfolio Exits
1Partners & Customers
10About SATS
SATS (SGX: S58) offers a range of ground handling services to handle passengers, flights, and cargo. It caters to the needs of the aviation sector and a host of other businesses in hospitality, food, healthcare, freight, and logistics industries besides governments. The company was founded in 1972 and is based in Singapore.

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Latest SATS News
Sep 22, 2023
It offers training on the sources of emissions and how suppliers can abate their emissions. SATS has introduced supplier engagement workshops, with the goal of increasing understanding and tracking of sustainability practices with each supply chain partner. The workshops offer training in foundational learning on the sources of emissions, climate fundamentals, and how suppliers can apply abatement levers in their businesses and eventually SATS’ supply chain. The course also covers climate fundamentals, regulations, and trends, including the business case for decarbonisation. To start, SATS launched the first series of workshops in April 2023 with the support of the United Nations Global Compact Network Singapore (GCNS) and Enterprise Singapore (EnterpriseSG) to upskill more than 85 suppliers, most of whom are small and medium-sized businesses. Through this, SATS says that it can better address Scope 3 emissions, which account for up to 81% of its total output, and of which 67% are from the procurement of goods and services. SATS has been operating in Singapore for more than five decades and has established long-standing partnerships with many of its suppliers. “We realise that our suppliers who wish to start their decarbonisation journey need assistance,” said Spencer Low, SATS’ chief sustainability officer. Their suppliers are in different stages of their journey to become more sustainable, and their investments in time, people and training will not only help them become more resilient as a business, but also accelerate their decarbonisation journey, Low noted. “As the aviation industry’s momentum returns, the participation of our partners in these workshops and the programme will catalyse positive change and unlock the supply chain’s full potential because we share the same aspirations to be a force for good,” Low added.
SATS Investments
4 Investments
SATS has made 4 investments. Their latest investment was in Nanjing Weizhou Airline Food as part of their Corporate Minority on July 7, 2019.

SATS Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
7/23/2019 | Corporate Minority | Nanjing Weizhou Airline Food | $18.75M | Yes | 1 | |
11/24/2018 | Corporate Minority - III | |||||
3/8/2018 | Corporate Minority - II | |||||
12/28/2016 | Corporate Minority |
Date | 7/23/2019 | 11/24/2018 | 3/8/2018 | 12/28/2016 |
---|---|---|---|---|
Round | Corporate Minority | Corporate Minority - III | Corporate Minority - II | Corporate Minority |
Company | Nanjing Weizhou Airline Food | |||
Amount | $18.75M | |||
New? | Yes | |||
Co-Investors | ||||
Sources | 1 |
SATS Portfolio Exits
1 Portfolio Exit
SATS has 1 portfolio exit. Their latest portfolio exit was Brahim's SATS Investment Holdings on July 13, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
7/13/2022 | Shareholder Liquidity | Brahim's SATS Investment Holdings | 1 |
Date | 7/13/2022 |
---|---|
Exit | Shareholder Liquidity |
Companies | Brahim's SATS Investment Holdings |
Valuation | |
Acquirer | |
Sources | 1 |
SATS Acquisitions
5 Acquisitions
SATS acquired 5 companies. Their latest acquisition was Promontoria on January 30, 2023.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
1/30/2023 | Acquired | 1 | ||||
9/28/2022 | ||||||
6/10/2021 | ||||||
3/2/2020 | ||||||
9/5/2019 |
Date | 1/30/2023 | 9/28/2022 | 6/10/2021 | 3/2/2020 | 9/5/2019 |
---|---|---|---|---|---|
Investment Stage | |||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | ||||
Sources | 1 |
SATS Partners & Customers
10 Partners and customers
SATS has 10 strategic partners and customers. SATS recently partnered with Sembcorp Industries on October 10, 2019.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
10/29/2019 | Partner | Singapore | SATS and Sembcorp Form Sustainability Partnership to Green Operations. As part of this partnership , SATS Ltd. and Sembcorp Industries will also explore trucking liquefied natural gas to SATS Ltd. and regasifying it to power boilers in both SATS Ltd. ' inflight catering centres at Changi . | 1 | |
10/29/2019 | Partner | Singapore | The partnership is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries and SATS , for the financial year ending Dec 31 , 2019 and March 31 , 2020 respectively , they added . | 1 | |
9/15/2019 | Partner | Germany | Sats and DHL sign MOU to create offerings for airlines to better manage supply chain Sats executive vice president for food solutions Kerry Mok said on Friday -LRB- Sept 13 -RRB- : `` Our partnership with DHL extends our global reach through reliable third-party logistics , allowing us to partner with airlines across their entire flight network '' . | 3 | |
9/13/2019 | Partner | ||||
7/25/2019 | Partner |
Date | 10/29/2019 | 10/29/2019 | 9/15/2019 | 9/13/2019 | 7/25/2019 |
---|---|---|---|---|---|
Type | Partner | Partner | Partner | Partner | Partner |
Business Partner | |||||
Country | Singapore | Singapore | Germany | ||
News Snippet | SATS and Sembcorp Form Sustainability Partnership to Green Operations. As part of this partnership , SATS Ltd. and Sembcorp Industries will also explore trucking liquefied natural gas to SATS Ltd. and regasifying it to power boilers in both SATS Ltd. ' inflight catering centres at Changi . | The partnership is not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries and SATS , for the financial year ending Dec 31 , 2019 and March 31 , 2020 respectively , they added . | Sats and DHL sign MOU to create offerings for airlines to better manage supply chain Sats executive vice president for food solutions Kerry Mok said on Friday -LRB- Sept 13 -RRB- : `` Our partnership with DHL extends our global reach through reliable third-party logistics , allowing us to partner with airlines across their entire flight network '' . | ||
Sources | 1 | 1 | 3 |
SATS Team
4 Team Members
SATS has 4 team members, including former Chief Executive Officer, President, Alex Hungate.
Name | Work History | Title | Status |
---|---|---|---|
Alex Hungate | HSBC, and Reuters Group | Chief Executive Officer, President | Former |
Name | Alex Hungate | |||
---|---|---|---|---|
Work History | HSBC, and Reuters Group | |||
Title | Chief Executive Officer, President | |||
Status | Former |