Materna Group announces the sale of Materna IPS to SITA

The Materna Group has announced the sale of its subsidiary, Materna IPS (Intelligent Passenger Solutions), to SITA. This decision reflects the dynamic changes taking place in the aviation industry and enables Materna to focus more closely on its strategic objectives. The sale will provide the company with the resources to effectively implement its core strategy, GRIP2.

The Materna Group is committed to innovative solutions in the field of artificial intelligence (AI) to position itself at the forefront of technological change. With the help of the Materna Generative AI Factory, pioneering AI applications are being developed, particularly for the public and private sectors. At the same time, the company emphasises the importance of the data economy and resilience.

In order to consistently pursue its strategic priorities, the Materna Group has sold its subsidiary, Materna IPS (Intelligent Passenger Solutions), to SITA following four years of successful independence and a doubling of turnover. The sale to SITA, the world’s leading provider of technology solutions for the aviation industry, not only advances Materna’s development plans but also supports the growth ambitions of Materna IPS.

Michael Hagedorn, CEO of the Materna Group, explains: “Our main focus is on consistently implementing our GRIP2 corporate strategy. Our key objectives are to increase turnover to one billion euros by 2027 and to further consolidate and expand our market-leading position through the use of AI. The planned sale of Materna IPS enables us to strengthen our core competencies whilst simultaneously creating new growth opportunities for Materna IPS.”

Dr Georg Oschmann, Managing Director of Materna IPS, is optimistic about the new partnership with SITA and emphasises the opportunities for innovation and growth: “This strategic partnership is an important milestone on our journey and opens up new opportunities for innovation and growth. Together with SITA, we look forward to further advancing our mission to simplify air travel for passengers and offer our customers even greater added value worldwide.”

This transaction is expected to be finalised in the coming months, subject to approval by the relevant regulatory authorities. The Materna Group was advised on this transaction by LBBW M&A as its exclusive financial adviser.