Platinum Equity has agreed to acquire Worldwide Flight Services, the world's largest cargo handler and a provider of ground handling and technical services, from LBO France. The deal is expected to close by the end of June; rumors last year indicated a sale could be worth as much as €360 million. With roughly 12,000 employees, WFC has a presence at over 140 major airports in more than 22 countries. The company serves 300 airlines, including the handling of 4 million tons of cargo and 50 million airline passengers per annum. LBO France acquired WFS in 2006.