Posted Thursday 1st November 2018
Joelson, the London law firm, today announced that it advised world leader in intelligent aircraft solutions ADB Safegate on its forthcoming acquisition of Ultra Airport Systems, the global provider of airport software solutions.
The transaction will strengthen ADB Safegate’s data analytics capabilities and drive the provider’s transformation in becoming a Total Airport Management (TAM) solutions provider. With air traffic doubling every 15 years, the need for aircraft solution providers to use existing infrastructure more efficiently is growing. Achieving TAM status will allow ADB Safegate to operate as a performance-based provider, achieving greater integration of systems across the airports it serves.
The acquisition will enable ADB Safegate to develop a customer-centric proposition using advanced data analytics – a capability not widely deployed in the aviation sector at present. This renders the transaction a significant one not just in expanding ADB Safegate’s own capabilities, but also for the aviation sector more broadly.
Joelson’s Corporate team, led by partner Phil Hails-Smith, advised ADB Safegate on the landmark transaction. The firm led on the investment terms for the global solutions provider and were instrumental in co-ordinating the sale from a global perspective.
Phil Hails-Smith, Corporate Partner at Joelson said:
“We are proud to have advised ADB Safegate on this acquisition, which represents a significant move in deployment of data analytics in the aviation sector. Allowing ADB Safegate to move closer towards TAM status will significantly enhance its core capabilities as an aircraft solutions provider. We look forward to seeing ADB Safegate develop a sector-leading proposition to take full advantage of the solutions Ultra can offer.”
Christian Onselaere, CEO at ADB Safegate said:
“We are delighted to have worked with the Joelson team on ADB Safegate’s acquisition of Ultra Electronics Airport Systems business. This was our first UK acquisition and the team at Joelson really delivered, working to a tight timetable and co-ordinating all the legal aspects of transaction as well as managing all overseas counsel. Thank you to the whole Joelson team we look forward to continuing to work with you as we grow and develop our business following this acquisition.”
This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.
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