CAE has concluded the acquisition of Bombardier’s Business Aircraft Training (BAT) business for an enterprise value of $645-million. All the required conditions for closing have been met. The acquisition was first announced on November 8, 2018.
The acquisition of Bombardier’s flight and technical training operations expands CAE’s ability to address the training market for customers operating Bombardier business jets. The acquisition also serves to expand CAE’s position in the business aviation training market, involving medium- and large-cabin business jets. It provides CAE with talented people, a loyal customer base and an established recurring training business which is highly complementary to CAE’s network. The Bombardier BAT business includes a modern fleet of full-flight simulators and training devices covering the Bombardier Learjet, Challenger and Global product lines, including the latest large cabin Global 5500, 6500 and 7500 business jets.
With this agreement, CAE will be adding 12 Bombardier business aviation full-flight simulators located in Dallas, Texas, and Montreal, Canada, to its training network (including one deployment already planned for CAE’s fiscal year 2021), for a total of 29 Bombardier business aviation full-flight simulators available for training worldwide, with further growth planned in the near- to mid-term.