CAMP Systems International, a unit of Hearst, has agreed to acquire a portfolio of aviation software businesses from Miami-based World Kinect Corporation.
The businesses include the Avinode Group, the world’s leading air charter sourcing platform, and World Kinect’s portfolio of aviation software serving fixed-base operator’s (FBO), delivering a range of aeronautical services such as fueling, hangaring, tie-down and parking, aircraft maintenance. The announcement was made by Hearst President and CEO Steven R. Swartz and CAMP President and CEO Sean Lanagan. The closing of the transaction is subject to customary closing conditions. CAMP is the premier aircraft health management and enterprise information systems solution for business aviation. It also operates the largest digital marketplace for parts, services and aerospace business intelligence.
Commenting on the acquisition, Lanagan said: “We are excited to acquire the Avinode Group and FBO products with their strong track record of delivering innovative, market-leading solutions. This acquisition represents a complementary extension of our business and platform, to bring exciting new opportunities to the market and better serve our expanding customer base.”
CAMP’s aircraft health management services are provided to 20,000 aircraft and over 30,000 engines. CAMP’s software solutions support over 1,500 service center and maintenance, repair and overhaul organizations. Its global digital marketplaces enable over 30,000 users to execute millions of business transactions annually.
