Boeing to Acquire C-Map to Grow Jeppesen Marine Business
SEATTLE, Aug. 18, 2006 -- The Boeing Company [NYSE: BA] today announced it has reached an agreement to acquire C-Map, a leading provider of digital maritime cartography, data services and other navigational information. C-Map will become a part of Jeppesen’s marine division. Jeppesen is a wholly-owned subsidiary of Boeing Commercial Aviation Services.
“We are excited about adding C-Map to Jeppesen’s existing portfolio of marine information solutions,” said Lou Mancini, vice president and general manager of Commercial Aviation Services. “C-Map’s broad portfolio of cartography and data services, along with its key relationships with hydrographic offices, OEMs and customers, will accelerate Jeppesen’s expansion in the marine information services market.”
“C-Map complements Jeppesen’s strategic direction,” said Mark Van Tine, Jeppesen president and chief operating officer. “It blends well with our existing marine initiatives, and complements our long-standing competencies as an information solutions provider. Together with C-Map, Jeppesen will extend to the marine market a broad range of competencies we have developed and executed upon over the last 72 years -- delivering mission-critical operational information to people who depend on it.”
C-Map has significant operations throughout Europe, Australasia and the Americas.
The companies are not disclosing terms of the transaction, which will not impact Boeing’s financial guidance. Completion of the transaction is subject to customary conditions and relevant authorities’ approval.
A unit of Boeing Commercial Airplanes, Commercial Aviation Services is a highly customer-focused organization. Through technical customer support, material management, maintenance services, fleet enhancements and flight operations, the organization provides products, services and integrated solutions to 900 airlines and 150 Maintenance, Repair and Overhaul facilities worldwide.
For more than 70 years Jeppesen has made it possible for pilots and their passengers to safely and efficiently reach their destinations. Today this pioneering spirit continues as Jeppesen delivers information and technology-based information management tool sets essential to navigation and efficient operations management to air, sea and rail operators around the globe. Jeppesen is a subsidiary of Boeing Commercial Aviation Services, a unit of Boeing Commercial Airplanes.
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