CAE to buy TRU Canada for US$40M
By DE StaffGeneral Aerospace
Montreal company says acquisition expands customer base, adds backlog of flight simulator orders.
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.
Textron says the deal is expected to close during the fourth quarter of 2020 or early 2021.