Airbus Acquiring Flight Operations Company
Navtech serves more than 400 aircraft operators and aviation services customers worldwide with a suite of products that include electronic flight bag solutions, aeronautical charts, navigation data solutions, flight planning, aircraft performance, and crew planning solutions.
Airbus announced Dec. 22 that it has entered into an agreement to acquire 100 percent of the shares of the Navtech group of companies, which collectively are a leading global provider of flight operations solutions. Navtech is based in Waterloo, Ontario, Canada, and serves more than 400 aircraft operators and aviation services customers worldwide with a suite of products that include electronic flight bag solutions, aeronautical charts, navigation data solutions, flight planning, aircraft performance, and crew planning solutions, according to Airbus, which stated that the closing of the acquisition is subject to needed regulatory approvals typical for such transactions.
Navtech has annual revenues of around $42 million and more than 250 employees, some of whom are based in Hersham and Cardiff, Wales, in the United Kingdom.
"We are very pleased to welcome Navtech into our company, contributing its industry-leading portfolio of digital solutions and expert know-how. This acquisition is further affirmation of Airbus' digitalization and services growth strategies and is a significant milestone to serve our existing and future customers," said Fabrice Brégier, Airbus' president and CEO.
Andrew Snyder, chairman of Navtech and CEO of Navtech's largest shareholder, Cambridge Information Group, said Navtech is "a uniquely innovative company with remarkable products created by remarkable people. With its commitment to moving the international aviation industry forward, Airbus provides an ideal environment for Navtech to grow exponentially. We're excited for this new future that awaits Navtech as part of the Airbus family."