Quadrant Group today announced the acquisition of Micro Nav Limited based in Bournemouth, Dorset, UK.
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
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
“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.