CAMP Systems Inc. completed the acquisition of Avinode AB and Portfolio of aviation FBO software from World Kinect Corporation.

CAMP Systems Inc. entered into a definitive agreement to acquire Avinode AB and Portfolio of aviation FBO software from World Kinect Corporation (NYSE:WKC) for approximately $200 million on March 12, 2024. The seller intends to use the net proceeds from this strategic sale to repay debt, reducing annual run rate of interest expense by approximately $10 million. The closing of the transaction is subject to customary closing conditions, including regulatory approvals, and is expected to be completed within the next 60 days. Wells Fargo Securities, LLC acted as financial advisor to World Kinect Corporation.

CAMP Systems Inc. completed the acquisition of Avinode AB and Portfolio of aviation FBO software from World Kinect Corporation (NYSE:WKC) on May 1, 2024.