SITA completes acquisition of Materna IPS to revolutionize passenger handling in the aviation industry
Acquiring Company
SITA
Acquired Company
Materna IPS
Geneva
DortmundInformation TechnologyNon ProfitConsultingGovernmentinformation technology & servicesTransportationTravelDescription
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.
Quick answer
SITA is acquiring Materna IPS, announced May 21, 2024. SITA is based in Geneva, Geneva, Switzerland.
- How much did SITA pay for Materna IPS?
- The deal value was not disclosed.
- What does SITA do?
- 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.
- Where are SITA and Materna IPS based?
- SITA is based in Geneva, Geneva, Switzerland. Materna IPS is based in Dortmund, North Rhine Westphalia, Germany.
- Who are the decision-makers at SITA?
- Fundz holds 5 contacts at SITA. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Non Profit and Consulting
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- SITA acquires ASISTIM to enter the operations as-a-service market (June 25, 2024)
- Menzies Aviation acquires 50.1% stake in Groundforce Portugal to strengthen handling capacity (June 6, 2024)
- GAI Consultants, Inc. acquires Creighton Manning Engineering, LLP to strengthen engineering and consulting services (May 13, 2024)
- Sterling Investment Partners-backed Markon acquires ASEC to strengthen commitment to government missions (July 5, 2024)
- Oliver Wyman completes acquisition of Veritas Total Solutions to enhance trading optimization expertise (July 2, 2024)
- Synechron to acquire Chamonix IT and Exposé to expand digital capabilities in Australia (June 26, 2024)
Who to call at SITA, and when
When SITA changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day SITA raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at SITA, from your own LinkedIn network
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Frequently asked
Who acquired Materna IPS?
Materna IPS was acquired by SITA, based in Geneva. The deal was reported on May 21, 2024. 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. SITA is privately held and operates in Information Technology.
When did SITA acquire Materna IPS?
SITA's acquisition of Materna IPS was reported on May 21, 2024. 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. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Materna IPS do?
Materna IPS is a leader in passenger handling for airports and airlines, offering market-leading solutions in Self-Bag Drop, with a customer base spanning North America, India, Europe, and Japan. It is privately held, operating in Transportation, and is based in Dortmund.
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