CAMP Systems to Acquire ILS from The Boeing Company

Hearst’s CAMP Systems International has agreed to acquire Inventory Locator Service (ILS) from Boeing, the world’s largest aerospace company and leading provider of commercial airplanes, defense, space and security systems, and global services. Founded in 1979, ILS provides the largest electronic marketplace for the aviation industry to buy and sell parts, equipment and services, and offers manufacturers and parts suppliers ways to improve inventory planning and processing.The announcement was made by  Vibby Gottemukkala, CAMP president and CEO. Pending regulatory approval, ILS, headquartered in Memphis, Tennessee, will become part of CAMP. Terms of the transaction were not disclosed.

CAMP is a, aircraft health management and enterprise information systems provider in business aviation and provides maintenance tracking services for nearly 20,000 aircraft and engine health monitoring for more than 30,000 engines. Its software solutions support more than 1,500 service center and maintenance, repair and overhaul (MRO) organizations.

“We are proud to partner with Inventory Locator Service and its team. ILS has built a reputation for operating a leading parts marketplace for over 40 years, serving a large and diverse customer base in the industry and represents a natural expansion of our business and platform,” says Gottemukkala. “As the aerospace industry evolves, we see opportunities for CAMP and ILS to provide a greater level of service to our customers as well as reaching new customers in the industry.”Strategically, Hearst continues to diversify into data and information-based companies while growing its world-class media assets. Hearst acquired CAMP in 2016 as part of this strategy.