About SATS
SATS is a company based in Singapore (Singapore) founded in 1947 was acquired by Hong Kong Airlines in August 2017. It operates as a Managed Services, and B2B2C. The company has 55,000 employees as of March 31, 2024. SATS has completed 3 acquisitions, including Monty's Bakehouse, Terminal & Transporttjanst and Worldwide Flight Services. SATS offers products and services including Air Cargo Handling, Ground Handling, and Food Solutions.
- Headquarter Singapore, Singapore
- Employees 55000 as on 31 Mar, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Sats Ltd
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Annual Revenue
$4.34 B (USD)13.04as on Mar 31, 2025
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Net Profit
$181.6 M (USD)332.27as on Mar 31, 2025
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EBITDA
$767.23 M (USD)31.15as on Mar 31, 2025
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Latest Funding Round
- Investors
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Employee Count
55000
as on Mar 31, 2024
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Investments & Acquisitions
Monty's Bakehouse
& 2 more
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Acquired by
Hong Kong Airlines
(Aug 01, 2017)
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IPO & Listings of SATS
SATS is a publicly listed company on the SGX with ticker symbol S58 in Singapore, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of SATS
SATS offers a comprehensive portfolio of products and services, including Air Cargo Handling, Ground Handling, and Food Solutions. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Global air cargo handling services are provided efficiently.
Ground handling services are delivered at major airports.
Aviation and institutional catering services are offered widely.
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Leadership Team
28 people
Software Development Team
15 people
Sales and Marketing
8 people
Product Management Team
7 people
Finance and Accounting
7 people
Head Team
7 people
Senior Team
6 people
Legal and Compliance
6 people
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Funding Insights of SATS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in SATS
SATS has secured backing from 1 investor. Prominent investors backing the company include Hong Kong Airlines. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Operator of passenger airlines
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by SATS
SATS has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Monty's Bakehouse, Terminal & Transporttjanst and Worldwide Flight Services. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bakery snacks are branded and distributed by Monty's Bakehouse.
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2003 | ||||
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Provider of terminal and transport services, including warehouse management and export/import solutions
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2001 | ||||
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Airport ground staff and cargo handling services are provided.
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1971 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - SATS
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sats Comparisons
Competitors of SATS
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sats
Frequently Asked Questions about SATS
When was SATS founded?
SATS was founded in 1947.
Where is SATS located?
SATS is headquartered in Singapore, Singapore.
Who is the current CEO of SATS?
Alex Hungate is the current CEO of SATS.
How many employees does SATS have?
As of Mar 31, 2024, the latest employee count at SATS is 55,000.
What is the annual revenue of SATS?
Annual revenue of SATS is $4.34B as on Mar 31, 2025.
What does SATS do?
SATS is established as the worlds largest air cargo handler and a leading airline caterer in Asia, with headquarters in Singapore. Operations are conducted across the Asia-Pacific, the Americas, Europe, the Middle East, and Africa. Comprehensive services are provided, including air cargo handling, ground handling, and food solutions such as aviation and institutional catering. A global network spanning over 215 locations in more than 27 countries is maintained, supporting major airports and airlines. Strategic partnerships are built with customers to deliver network-wide solutions, ensuring safety, security, and efficiency. Sustainability is prioritized as a driver of long-term value, with commitments to environmental, social, and governance (ESG) goals.
What products or services does SATS offer?
SATS offers Air Cargo Handling, Ground Handling, and Food Solutions.
Is SATS publicly traded?
Yes, SATS is publicly traded on SGX under the ticker symbol S58.
How many acquisitions has SATS made?
SATS has made 3 acquisitions, including Monty's Bakehouse, Terminal & Transporttjanst, and Worldwide Flight Services.
Who are SATS's investors?
SATS has 1 investor. Key investors include Hong Kong Airlines.
What is SATS's ticker symbol?
The ticker symbol of SATS is S58 on SGX.