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Winnipeg Free Press By: The Canadian Press
Last Modified: 7:40 AM CST Tuesday, Dec. 22, 2020
CAE headquarters is seen Thursday, May 14, 2009 in Montreal. THE CANADIAN PRESS/Paul Chiasson
OTTAWA - CAE Inc. says it has acquired Merlot Aero Ltd., a flight crew management software company, in deal worth at least US$25 million.
Under the agreement, CAE is paying US$25 million, plus up to an additional US$10 million in the form of an earn-out.
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CAE deal for flight crew management software company Merlot Aero December 22, 2020
CAE 7000XR full flight simulator. (Photo: CAE)
OTTAWA CAE Inc. says it has acquired Merlot Aero Ltd., a flight crew management software company, in deal worth at least US$25 million.
Under the agreement, CAE is paying US$25 million, plus up to an additional US$10 million in the form of an earn-out.
CAE says the deal helps grow its business beyond pilot training.