[Avionics Today 03-10-2016] Airbus Group has completed the acquisition of Electronic Flight Bag (EFB) and aeronautical charts and navigation data solutions provider Navtech. The completion of the acquisition comes following an agreement announced between the two companies in December 2015.
Navtech EFB application. Photo: Navtech.
Mike Hulley, the current leader of the company worldwide has been confirmed as Chief Executive Officer of Navtech.
"This acquisition will enable us to diversify our range of digital services and widen our portfolio offering for customers, positioning Airbus as a complete flight operations solutions provider," said Didier Lux, head of Airbus customer services.
In recent years, Navtech has generated annual revenues of around $42 million, according to Airbus.
"The industry will benefit from our complementary assets as we provide game-changing innovations and a ‘one-stop-shop’ venue for digital flight operations services," said Hulley.