# Drew Marine signs agreement to acquire SKYTRAC

Drew Marine UK Holdings Ltd. has signed an agreement to acquire SKYTRAC, a data-driven solutions provider for the aviation industry. SKYTRAC will report into ACR Electronics, a Drew Marine company.

- Type: Acquisition
- Announced: 2017-10-17
- Where: Canada
- Status: announced
- Products: aviation data solutions, data acquisition hardware, analytics software
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Drew Marine UK Holdings Ltd.](https://endata.com/companies/27969.md) (acquirer)
- [SKYTRAC Systems Ltd.](https://endata.com/companies/27970.md) (target)
- [ACR Electronics](https://endata.com/companies/27971.md) (partner)

## Sources

- [skytrac.ca](https://www.skytrac.ca/resources/press/acquisition-of-skytrac-by-drew-marine/), 2017-10-17: "We are excited to join forces with SKYTRAC because it will expand our aviation footprint and add a proven solutions-based team into our organization."
- [sts.skytrac.ca](https://sts.skytrac.ca/resources/press/acquisition-of-skytrac-by-drew-marine/), 2017-10-17: "ACR Electronics, Inc., today confirmed that Drew Marine UK Holdings Ltd. has signed an agreement to acquire SKYTRAC, a full-service, data-driven solutions provider for the global aviation industry."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.