CAE Acquires Merlot Aero for at Least US $ 25 Million
Quebec flight simulator and training specialist CAE (CAE, US $ 26) has acquired Merlot Aero, a company specializing in crew management software in a transaction valued at at least 25 million US $.
According to the terms of the transaction announced Tuesday, the Quebec company could also extend up to US $ 10million more in the form of a supplement.
In a statement, CAE explained that this transaction allowed it to expand its business beyond training.
Mainly recognized for its flight simulators, the company is looking to expand its activities. CAE said this was its third acquisition announced since November. The company has some 10,000 employees around the world in 35 countries.
CAE Acquires Merlot Aero for at Least US $ 25 Million - /10