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.