Design Engineering

CAE to buy TRU Canada for US$40M

Montreal company says acquisition expands customer base, adds backlog of flight simulator orders.

November 25, 2020   by DE Staff

(Photo credit: TRU Simulation)

MONTREAL – CAE Inc. has signed a deal with Textron to buy TRU Simulation + Training Canada Inc. for US$40 million.

The company says the acquisition of expands its installed base of commercial flight simulators and customers.

CAE says TRU Canada also brings with it a backlog of simulator orders, full-flight simulator assets and provides access to a number of airline customers.

The transaction is subject to regulatory approvals and other customary closing conditions.

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Textron says the deal is expected to close during the fourth quarter of 2020 or early 2021.

The agreement follows an announcement earlier this month that CAE has signed a deal to buy Amsterdam-based Flight Simulation Company B.V. for C$108 million.
www.cae.com
www.trusimulation.com


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