Vitruvian Partners, a London-based private equity company, has acquired TravelTech firm OAG for approximately $215m.
Headquartered in Luton, OAG provides flight information and related analytics tools to a range of customers in the travel sector, including airlines, airports and government agencies.
The firm also has operations in Boston, Massachusetts and sales offices in North America and Asia.
Phil Callow, CEO of OAG, commented: “Over the last few years we have strengthened OAG by building the world’s most comprehensive flight status database, expanding our suite of analytical tools and launching a unique real-time flight schedule product.
“Vitruvian has a deep understanding of the travel market and a strong growth orientation. I am excited about the next phase of OAG’s growth and look forward to working with the Vitruvian Partners team to build on our momentum,” he added.
Following the acquisition, Vitruvian Partners will support OAG to invest in new products and services, enabling the firm to grow further.
Ben Johnson, partner at Vitruvian Partners, said: “At OAG, Phil and his team have overseen the transformation of OAG from its position as a trusted source of flight schedule information into a forward-thinking, mission-critical, subscription-based, global data and analytics company which has resulted in unprecedented growth in recent years.
“We are hugely excited about supporting the team’s ambitions for the next stage of growth and investing in new products and services to support its clients further,” he concluded.