NavAero AB sold to Global Eagle Entertainment Inc

NavAerologo

Clearwater Advisor

NavAero, a Swedish developer of tablet-based electronic flight bag systems, has been acquired by US group Global Eagle Entertainment Inc in a deal advised by Clearwater International.

NavAero’s electronic flight bag (EFB) systems provide airline pilots with navigation solutions based on aircraft-dedicated and tablet-based personal electronic devices that enable paperless cockpit operations. The company has also developed a number of other related technologies which extend the functionality of its EFB systems. These include cockpit door and cargo compartment surveillance systems, universal aircraft interface devices (UAIDs) which combine with other aircraft systems, and wireless connectivity.

Global Eagle Entertainment (NASDAQ: ENT) is a leading worldwide provider of connectivity, media content and technology solutions for the travel industry. Through the industry’s most comprehensive product and services platform, the group provides airlines with a wide range of in-flight solutions. These include content management services, e-commerce solutions, interactive software, music, movies, original content development, portable IFE solutions, television and Wi-Fi.

Clearwater International advised the shareholders of NavAero during the sale process and identified the buyer.

“The airline industry is in the midst of great changes as the concept of the connected aircraft finally becomes a reality. The acquisition of NavAero will allow Global Eagle Entertainment to position itself as a world leader in this market by delivering EFB solutions that connect seamlessly with in-flight systems and which provide aircraft-to-ground data transmission solutions.”

Constantine Biller, Head of Industrials & Chemicals at Clearwater International