Aviation data specialist OAG has acquired competitor Infare from London-based private equity firm Ventiga Capital.?
The acquisition will allow UK-based OAG to combine its own solutions with Infare's airfare data to provider a broader picture of supply and demand. Infare was set up in 2000 and is based in the Danish capital Copenhagen.
OAG¡¯s CEO Phil Callow added: ¡°The acquisition of Infare strengthens our ability to deliver consistent and accurate information across the wider supply and demand value chain.?
¡°Together, we are enabling new and existing customers to thrive and innovate ahead of their counterparts. I am excited to welcome Infare colleagues to the OAG family.¡±
Financial terms of the acquisition were not disclosed, but the firms said in a statement that the deal values the combined companies at more than $500 million. It also increases OAG's size to more than 300 employees in 10 offices around the world.?
The management teams of both companies will remain in place, according to a statement, with ¡°fresh backing¡± also being provided by investment firm Vitruvian Partners, which acquired OAG in 2017.