- Acquisition includes Sabre Airline Operatoins’s product portfolio, technology, intellectual property, and workforce
- This move allows CAE to expand into digital flight and crew services and solutions
CAE has concluded the acquisition of Sabre's Airline Operations portfolio (formerly known as AirCentre solutions), a suite of flight and crew management and optimization solutions, for an enterprise value of US$ 392.5 million. The acquisition includes the Sabre Airline Operations product portfolio, related technology and intellectual property as well as the transfer of workforce.
"This acquisition, in addition to our ongoing technological transformation and our previous acquisitions of Merlot and RB Group, allows us to expand our reach into digitally-enabled flight and crew management and optimization services and create additional value for our customers,” said Marc Parent, CAE's President and CEO.
Parent added: "CAE's Flight Services solutions allow us to help airlines and business jet operators globally to better manage their operations, decrease costly scheduling disruptions, improve staffing and operational decision-making, and decrease fuel consumption and carbon emissions. This ecosystem also enables pilots and crew members to better manage their day-to-day activities, while supporting them throughout their training and career journeys. Our customers are increasingly adopting digital solutions to improve efficiency and operations, and we are thrilled about this opportunity to expand our suite of innovative civil flight services solutions."
The acquisition, the ninth accretive acquisition for CAE since the COVID-19 pandemic began, will further expand CAE's reach across its customer base beyond simulators and pilot training and establish the company in the growing marketplace for digitally enabled flight and crew operations solutions.