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Vitruvian buys aviation data giant OAG for USD 215 million

02/17/2017| 10:14:50 AM| 中文

From one private equity owner to another – OAG has switched from Axio to Vitruvian in a deal in the region of USD 215 million.

From one private equity owner to another – OAG has switched from Axio to Vitruvian in a deal in the region of USD 215 million.

The sale comes almost four years to the day since UBM offloaded the business and six other related divisions for £160 million to what was then known as Electra Partners.

Vitruvian initially stated that terms of the new acquisition were not to be disclosed but Axio confirmed in its own statement that the deal was for “approximately USD 215 million”.

OAG is best known as the provider of data on flight information and real-time tracking to airlines, airports, government agencies and travel brands.

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TAGS: OAG | Vitruvian | investment
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