Airbus : strengthens its services business with the acquisition of Navtech

Airbus has entered into an agreement to acquire 100% of the shares of the Navtech group of companies, a leading global provider of flight operations solutions. Closing of the acquisition is subject to customary regulatory approvals for such type of transactions.

Navtech serves more than 400 aircraft operators and aviation services customers worldwide with a suite of flight ops products, including electronic flight bag (EFB) solutions, aeronautical charts, navigation data solutions, flight planning, aircraft performance, and crew planning solutions. Navtech generates annual revenues of around $42m and employs over 250 employees, mainly based in Waterloo, Canada, and in Hersham and Cardiff, Wales, UK.

Fabrice Brégier, Airbus' President and Chief Executive Officer said: 'We are very pleased to welcome Navtech into our company, contributing its industry-leading portfolio of digital solutions and expert know-how.' He adds: 'This acquisition is further affirmation of Airbus' digitalization and services growth strategies, and is a significant milestone to serve our existing and future customers.'
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.' He added: '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.'

Laurent Martinez, Airbus' Senior Vice President of Services said: 'Connecting Navtech's experience with the 'Services by Airbus' network will enable us to be more innovative, diversifying our range of services and flight operations solutions, while providing our customers with greater flexibility.'

Mike Hulley, Chief Executive Officer of Navtech said: 'The signing of this agreement with Airbus is excellent news for the Navtech teams, who are joining a group with international standing, providing them with access to new markets leveraging on complementary aviation expertise. Our customers will benefit from game-changing innovations and enhanced customer experience of our digital flight operations services.'

About Navtech

Navtech is a leading global provider of flight operations solutions, serving more than 400 airlines and aviation services customers. Navtech's product suite includes aeronautical charts, navigation data solutions, flight planning, aircraft performance, and crew planning solutions. These products directly support millions of flights each year and maximize efficiency, reduce costs, and ensure compliance with complex national and international safety regulations for customers. Navtech's corporate headquarters is located in Canada's technology center, Waterloo in Ontario, with an additional office in London and satellite offices around the world.

About Airbus

Headquartered in Toulouse, France, Airbus is the leading commercial aircraft manufacturer with the most modern, comprehensive and efficient family of airliners on the market, ranging in capacity from 100 to more than 500 seats. Employing some 55,000 people, Airbus champions innovative technologies and has sold over 16,200 to more than 380 customers worldwide. With design and manufacturing facilities in France, Germany, the UK, and Spain, as well as subsidiaries in the US, China, Japan, India and in the Middle East, Airbus also operates spare parts and training centres in Europe, the US and Asia, and provides round-the-clock support services to all Airbus operators, helping them enhance the profitability of their fleets.

Furthermore, through 'Services by Airbus', Airbus offers end-to-end fleet lifecycle solutions for all its customers. The portfolio ranges from standalone services, to the most complete integrated solutions, including Flight Hour & Tailored Support packages, upgrades, training, e-solutions, engineering & maintenance, flight operations Air Traffic Management, and material management services. With a worldwide network of around 2,500 Airbus customer services professionals, the industry continues to benefit from the unique expertise and capabilities of Airbus and its affiliated family companies.

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