Add-on Acquisition • Software

Provincial Aerospace Acquires CarteNav Solutions

On August 8, 2016, Provincial Aerospace acquired software company CarteNav Solutions

Acquisition Context

This is Provincial Aerospace’s 1st transaction in the Software sector.
This is Provincial Aerospace’s 1st transaction in Canada.
This is Provincial Aerospace’s 1st transaction in Nova Scotia.

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M&A Deal Summary
Date	August 8, 2016
Target	CarteNav Solutions
Sector	Software
Buyer(s)	Provincial Aerospace
Deal Type	Add-on Acquisition
Advisor(s)	Northern Edge (Financial)

Target Company

CarteNav Solutions

Halifax, Nova Scotia, Canada

CarteNav Solutions, Inc. is a software developer that provides situational awareness and intelligence, surveillance and reconnaissance (“ISR”) solutions for maritime, land and air environments.

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Buyer Overview 1

Buyer

Provincial Aerospace

St. John's, Newfoundland, Canada

Category	Company
Founded	1972
Sector	Aerospace

DESCRIPTION

Provincial Aerospace Ltd. is a provider in intelligence, surveillance, reconnaissance and maritime patrol aircraft operations and systems and is a vertically integrated aerospace and defence company focused on mission systems design and integration, aircraft modifications, surveillance operations, logistics and in-service support.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
State: Nova Scotia	1 of 1
Country: Canada	1 of 1
Year: 2016	1 of 1

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