PE-backed GuestLogix to buy OpenJaw Technologies for $41.2 mln

GuestLogix Inc (TSX: GXI) has agreed to buy OpenJaw Technologies Ltd, an Irish travel retailing technology company, for US$41.2 million. The deal is expected to close no later than January 22, 2015. GuestLogix, a provider of onboard store technology and payment solutions to airlines and the passenger travel industry, said the acquisition will create a comprehensive ancillary revenue and retailing platform. Based in Toronto, GuestLogix is a portfolio company of Canadian specialty finance firm Difference Capital Financial and other investors.

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