CAE Agrees To Sell Its Airline Operations Software Business To SITA For $500M
Benzinga Newsdesk 4 days ago
M&A
(NASDAQ:CAE) (TSX:CAE) – CAE Inc. (CAE or the Company) today announced that it has entered into a definitive agreement to sell Flightscape, its airline operations software business, to SITA, a global aviation technology
(NASDAQ:CAE) (TSX:CAE) – CAE Inc. (CAE or the Company) today announced that it has entered into a definitive agreement to sell Flightscape, its airline operations software business, to SITA, a global aviation technology company, for an enterprise value of US$500 million, subject to customary adjustments.
The transaction is expected to close in the first half of 2027, following receipt of regulatory approvals and satisfaction of the remaining closing conditions.