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LOS ANGELES, Oct. 21, 2013 (GLOBE NEWSWIRE) -- Global Eagle Entertainment Inc. (Nasdaq:ENT) announced today that it has acquired Travel Entertainment Group Equity Limited, the UK-based parent company of IFE Services Limited (IFE Services) from GCP Capital Partners LLP for approximately $36 million in cash. IFE Services is a leading provider of in-flight entertainment services to airlines and cruise lines worldwide. The acquisition expands Global Eagle's leadership in delivering content and software solutions to the international travel industry. FE Services Ltd. provides in-flight entertainment (IFE) solutions to the airline industry. It offers in-flight movies, TV shows, audio channels, and sleep and relaxation solutions. The company also provides portable and streaming IFE solutions; and technical advice and support. In addition, it engages in the production of safety films, advertising and promotional videos, information films, destination films, indents and branding, interface design and GUIs, announcements, printworks, and video editing. Further, the company provides passenger entertainment and on-board revenue solutions; and support services in the areas of system management, content planning, and fleet expansion.
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