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CAMP Systems Acquires Avinode Group in $200 Million Aviation Software Deal

  • Writer: Marcel Shackleton
    Marcel Shackleton
  • Jul 24
  • 2 min read
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CAMP Systems International has completed its acquisition of Avinode Group, the world's leading air charter sourcing platform, from World Kinect Corporation for approximately $200 million.



Key Transaction Details


*Announcement Date: March 12, 2024

Completion Date: May 1, 2024

Acquisition Price: $200 million (cash transaction)

Buyer: CAMP Systems International (owned by Hearst)

Seller: World Kinect Corporation (NYSE: WKC)



About the Acquisition


The deal includes not only Avinode Group but also World Kinect's entire portfolio of aviation software products catering to air charter and FBO operations. This strategic acquisition positions CAMP Systems as a major player in the aviation software ecosystem.


Avinode Group operates the world's leading air charter sourcing platform, connecting charter operators with customers seeking private jet services. The platform has been instrumental in streamlining the charter booking process and improving operational efficiency across the industry.



Strategic Implications


The acquisition aligns with CAMP Systems' broader strategy to expand its aviation software offerings beyond its traditional maintenance tracking and compliance solutions. By adding Avinode's charter platform and FBO software products, CAMP Systems now offers a more comprehensive suite of aviation management tools.


This move comes at a time when the private aviation sector continues to experience growth, with increased demand for charter services and more sophisticated technology solutions to manage operations.



Industry Context


The transaction reflects ongoing consolidation in the aviation software sector, as companies seek to offer integrated solutions rather than standalone products. For World Kinect, the sale allows the energy management company to focus on its core fuel and energy services business.


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Sources:


- Aviation International News


- World Kinect Corporation Press Release


- CAMP Systems Press Release


- Crunchbase Transaction Details



The acquisition represents a significant consolidation in aviation software, with CAMP Systems now positioned to offer end-to-end solutions from maintenance tracking to charter operations management.

Comments


A 100% carbon-neutral business with a focus on sustainability, ethics, and best-practices but complete prioritisation (above even enviro-concerns) is given to investor value and profitable exits and returns.

"Sustainable losses" don't help the planet.
Liquid environmentalists do...

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