In a move to grow its commercial aviation customer base, aircraft health management systems provider Camp Systems has agreed to acquire 40-year-old Inventory Locator Service (ILS) from Boeing.
The announcement, made by Camp Systems’ president and CEO Vibby Gottemukkala on Monday (Sept 16), is subject to regulatory approval. Camp Systems provides maintenance tracking services for nearly 20,000 aircraft, as well as engine health monitoring to 30,000 engines across more than 1,500 MRO facilities worlwide. Terms of the agreement were not disclosed.
In acquiring Memphis, Tennessee-headquartered ILS, Camp Systems’ parent company, U.S. media conglomerate Hearst, is further diversifying its portfolio into data and information-based companies. It acquired Camp Systems as part of this strategy back in 2016.
ILS was founded in 1979 by John Williams, who also founded the Memphis Group, which specialized in aircraft parts trading, as a platform to buy and sell parts, as well as enable manufacturers and parts suppliers to improve inventory planning and processing.
The company eventually became part of Aviall, which in turn was acquired by Boeing in May 2006.