Provincial Aerospace Ltd. (PAL Aerospace) of St. John’s, Newfoundland and Labrador, acquired CarteNav Solutions Inc., a Nova Scotia-based software developer that provides situational awareness and intelligence, surveillance and reconnaissance solutions for maritime, land and air environments. Both companies will be part of the Exchange Income Corporation (EIC) group of companies and CarteNav will maintain its brand name going forward, Paul Evans, president of CarteNav told Professional Security Canada.
“CarteNav has been a small-to-medium enterprise that has grown a lot over last few years. Looking forward to our future, we felt it was the right time and the right partner to continue growing, particularly with our focus on international markets,” Evans said. Evans added that CarteNav’s software offerings will complement PAL Aerospace’s services and capabilities.