Vitruvian Partners, a London-based private equity company, has acquired TravelTech firm OAG for approximately $215 million.
Headquartered in Luton, UK, OAG’s global operations range across the USA, Singapore, Japan and China. The company provides flight information and related analytics tools to a range of customers in the travel sector, including airlines, airports, and government agencies.
Boasting the world’s largest network of air travel data, OAG provides useful insight into scheduling and planning, flight status and day-of-travel updates, post-journey analysis, and on-time performance. It consists of a formidable flight information database that holds future and historical flight details for over 900 airlines and more than 4,000 airports.
OAG is an industry success story through and through. By redefining its strategy, it has taken on a laser-focused approach and has become digitally transformative, leading to unprecedented growth in recent years, all of which has been facilitated by an experienced executive leadership team led by CEO, Phil Callow.
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.
What next?
After the acquisition, Vitruvian Partners will support OAG in its investments in new products and services, therefore assisting the firm’s further growth.
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.
