Vitruvian Partners backs OAG management in buyout from AXIO
OAG, the world’s leading provider of flight information (schedules and status), today announces that it has been acquired by Vitruvian Partners.
OAG serves a wide range of customers across the travel sector including airlines, airports, airport service providers, travel distribution players, government agencies, aircraft manufacturers, consultancies and corporate customers. Headquartered in Luton, UK, it has global operations in USA, Singapore, Japan and China.
OAG is an industry success story…
With the world’s largest network of air travel data, OAG provides unprecedented insight into scheduling and planning, flight status and day-of-travel updates, post-journey analysis and on-time performance. Its flight information databases hold future and historical flight details for over 900 airlines and more than 4,000 airports, providing unprecedented insight into scheduling and planning, flight status and day-of-travel updates, post-journey analysis and on-time performance.
OAG is an industry success story. It has redefined its strategy, has a laser-focused approach and has become digitally transformative, leading to unprecedented growth in recent years. All of which has been underpinned by an experienced executive leadership team led by CEO, Phil Callow.
Phil Callow, CEO of OAG, said:
“Over the last few years we have strengthened OAG by building the world’s most comprehensive flight status database, expanding our suite of analytical tools and launching a unique real-time flight schedule product. Vitruvian has a deep understanding of the travel market and a strong growth orientation. I am excited about the next phase of OAG’s growth and look forward to working with the Vitruvian team to build on our momentum.”
Ben Johnson, Partner at Vitruvian, added:
“OAG is an exceptional travel technology business demonstrating good growth in a fast-changing global travel market. At OAG, Phil and his team have overseen the transformation of OAG from its position as a trusted source of flight schedule information into a forward thinking global data and analytics company, which has resulted in unprecedented growth in recent years.
“We are hugely excited about supporting the team’s ambitions for the next stage of growth and investing in new products and services to support its clients further. We hope our experience with other companies such as Skyscanner, JacTravel and Callcredit will be valuable to the team.”