M&A Deal Summary

Provincial Aerospace Acquires CarteNav Solutions

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2016-08-08
Target CarteNav Solutions
Sector Software
Buyer(s) Provincial Aerospace
Deal Type Add-on Acquisition
Advisor(s) Northern Edge (Financial)

Target

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(S) 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 STATS #
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
Mergr

Product

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