Quadrant Group acquires Micro Nav Limited
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Rediffusion E-3D SENTRY FFS.
Micro Nav is a global market leader in the Air Traffic Control Simulation business, with particular strength in Europe, Asia and the Middle East. It has developed a complete range of proprietary software-driven simulation products, the most widely known being the 'BEST' range of ATC simulation systems. Micro Nav, founded in 1988 by two of its current shareholder directors, was awarded the Queen’s Award for Enterprise in 2010, recognising its consistent strong growth in export markets.
Commenting on the acquisition David Coghlan, the Quadrant Group Chairman said “we are delighted that Micro Nav will be joining Quadrant – Flight Simulation and Air Traffic Control Simulation are closely aligned specialist niches within the worldwide aviation training market, with opportunities for increasing technical convergence between them. Combined revenues of the two businesses approach £20 Million, with around 180 staff now in the enlarged Quadrant Group”.
Mike Male, Managing Director and co-founder of Micro Nav, also welcomed the transaction and said “this is an excellent way forward for Micro Nav to become part of a larger
organisation in a compatible field, and we particularly like the fact that the values and focus on customer service are very well matched. My fellow directors and I are very much looking forward to leading Micro Nav in the next phase of its growth as part of the enlarged Quadrant Group”.
“We are excited about the prospects for Quadrant Group and have been working with the management team to put in place a facility that will be able to support the development of this successful SME in an attractive global market.” said Kirsty Sadler, Relationship Director at Lloyds Bank Wholesale Banking and Markets.
Speaking about the way forward, Jeff Sandiford, CEO of Quadrant Group, was enthusiastic about potential synergies and added “Micro Nav will continue to operate as at present with all Directors, Management and Staff remaining in position. The shareholders of Micro Nav will retain ongoing interests in the business as active shareholders of the enlarged Group”
Quadrant has three operating companies based in Burgess Hill, West Sussex, UK, RAF Waddington, Lincolnshire, UK and Orlando, Florida, USA. It is involved in a range of
activities in Flight Simulation including Training, Maintenance, Updates and Relocations worldwilde in both Military and Civil market segments.
