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SITA completes acquisition of Materna IPS to revolutionize passenger handling in the aviation industry

May 21, 2024•over 1 year ago

Acquiring Company

SITA

Acquired Company

Materna IPS

GenevaDortmundinformation technology & servicesInformation TechnologyConsultingTransportationTravel

Description

SITA, the global leader in technology solutions for the air transport industry, has announced the acquisition of Materna IPS, a leader in passenger handling for airports and airlines. This move aims to reshape the entire aviation industry, creating the world’s most powerful passenger portfolio for airports and digital travel, reinforcing SITA’s commitment to innovation and reinventing travel.

Company Information

Company

SITA

Location

26 Chemin De-Joinville

Geneva, Geneva, Switzerland

About

SITA is a leading provider of air transport communications and information technology, with a focus on embracing and implementing digitization and digital identity systems across the air travel industry.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed