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Jetnet Acquires Wingx To Bolster Global Business Jet Intelligence And

Jun 13, 2023about 2 years ago

Acquiring Company

JETNET

Acquired Company

WINGX Advance GmbH

UticaMedia And EntertainmentContent And PublishingAerospace

Description

JETNET today announced its acquisition of WINGX Advance GmbH (“WINGX”), a provider of market insight tools to the global business aviation sector. Together, the two companies plan to enrich the way customers access and utilize data and insights relating to the deployment, management, and utilization of business jets.

Company Information

Company

JETNET

Location

Utica, New York, United States

About

As the leading provider of business aviation market information, JETNET delivers the most comprehensive and reliable business aircraft research to its exclusive clientele of business aviation professionals worldwide. JETNET is the ultimate source for information and intelligence on the worldwide business, commercial, and helicopter aircraft fleet and marketplace, comprised of more than 112,000 airframes. Headquartered in its state-of-the-art facility in Utica, NY, JETNET offers comprehensive, user-friendly aircraft data via real-time internet access or regular updates.

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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