Armac Systems, an Ireland-based aerospace inventory planning and optimisation software developer, has secured an undisclosed amount from SR Technics, a provider of technical services for civil aviation, according to TTN.
SR Technics is a wholly-owned subsidiary of Mubadala Development Company, the investment vehicle of the Abu Dhabi government.
SR Technics and Armac will strengthen their partnership as a result of the investment. The two companies had already been collaborating for several years, allowing SR Technics to offer Armac’s solutions to its customers that include some 500 airlines.
Micheál Armstrong, chief executive of Armac Systems, said: “This is a very welcome development for Armac Systems. It is a natural evolution of our relationship with SR Technics to combine the market-leading services offered by both companies.”