Seabury Group Acquires Argentina-Based Aerospace Information Technology Company Volartec
By Business Wire News
By Business Wire News
Seabury Enterprise Solutions LLC (“SES”), a subsidiary of Seabury Group (“Seabury”), a leading global advisory and investment management firm, has acquired Aero Transport Engineering Consulting S.A. (“Volartec”). Volartec is a professional services and IT company that provides integrated and flexible Maintenance, Repair and Overhaul software solutions for the Aerospace industry.
SES will add Volartec’s Alkym® suite of products, which integrates control and management software for aircraft maintenance, to Seabury’s aviation software tools, such as Enterprise Performance Analysis System (“EPAS”), which enables commercial airlines to improve financial performance one flight at a time, and Contract Performance Analysis System (“CPAS”), a highly configurable and efficient software for defining and applying contractual terms and conditions for transactions in order to generate an expected financial value. Seabury’s IT solutions and software tools serve the needs of a global network of clients in Aviation, Aerospace, Cargo/Global Trade, FX Trading and Human Capital.
SES Chief Executive Officer Bijoy Mechery stated, “Based on the success of our SES offerings, we are moving into adjacent markets that align with our strategy and allow customers the ability to utilize IT software tools, which create and improve operations. Our investment in Volartec is an outcome of responding to our clients’ requests for collaborative IT software tools that deliver predictable efficiencies.”
“We welcome the investment and partnership with Seabury,” said Volartec Chief Executive Officer Christian Maggio. “The capabilities of the Volartec team within the SES and the Seabury Group network will greatly expand visibility within the global Aviation and Aerospace industries and allow us to further develop IP which addresses customers’ needs.”
Seabury Group Chairman & Chief Executive Officer John E. Luth commented, “As a global advisory and investment management company focused not only on Aviation but also on associated markets, including Aerospace & Defense, Government Services, International Trade Finance and other Financial Services sectors, Seabury is expanding our IT solutions and software tools to better serve our customers. Seabury is increasingly broadening its global businesses to include enterprise IT solutions, structured finance products, and trade finance services.”
ABOUT SEABURY GROUP
Seabury Group LLC is a global firm founded in 1995 with two principal groups, Seabury Advisory Group LLC (“SAG”) and Seabury Capital LLC (“SeaCap”). Seabury Enterprise Solutions delivers IT solutions designed to empower their users to effectively understand and manage to their operational and financial objectives.
SAG is a global advisory practice with professionals on five continents and more than 15 countries covering Aviation, Aerospace & Defense, Financial Services, Government Services, Logistics, Maritime, Transportation and related industries. SAG has partnered with more than 300 clients located in more than 50 countries on more than 1,100 engagements to solve complex challenges requiring consulting, investment banking, restructuring and/or information technology solutions.
Seabury Capital LLC (“SeaCap”), a wholly-owned subsidiary of Seabury Group, owns and operates a number of specialty finance companies providing innovative cross-border financing for equipment and trade receivables as well as insurance-backed auto service and financial obligations. SeaCap recently launched a merchant banking business to take minority equity positions in, and to provide debt financing to, middle market companies. SeaCap also owns software companies providing enterprise solutions to airlines, aerospace companies and institutional market-makers in foreign exchange and other financial markets. www.seaburygroup.com
Volartec is one of the fastest growing IT companies in the aviation industry. Specialized in the development and implementation of world class software systems, Volartec provides the most profitable products and services of the market. With more than 10 years of experience in the aviation industry and constituted by a highly qualified IT and aviation experts team, Volartec assures a successful combination of professionalism and experience. www.volartec.aero
Paul Thibeau, +1-612-638-2633