CAE Completes $108M Purchase of Dutch Trainers

16 November 2020

Contact Our Team

For more information about how Halldale can add value to your marketing and promotional campaigns or to discuss event exhibitor and sponsorship opportunities, contact our team to find out more

 

The Americas -
holly.foster@halldale.com

Rest of World -
jeremy@halldale.com



170816_FSC_beeldbank_088_Q1

CAE has acquired all the issued and outstanding shares of Flight Simulation Company B.V. (FSC) for approximately C$108 million on the basis of an enterprise value of approximately C$155 million. The acquisition expands CAE’s ability to address the training market for customers operating in Europe, including airline and cargo operators. It provides CAE with an expanded portfolio of customers and an established recurring training business which is complementary to CAE’s network.

Missed the Global Airline Training & Simulation - Virtual conference? No problem! Register for on-demand access to all conference session recordings and take advantage of networking with delegates and exhibitors. The content will be available to view until December 12th. Register  here.

FSC is based in Amsterdam and includes a modern fleet of mainly CAE-built full-flight simulators (FFSs) and training devices, comprised of nine narrow body B737 and A320 FFSs, two widebody aircraft FFSs and one regional jet. This acquisition is consistent with CAE’s internal acquisition criteria and capital allocation priorities, similar to its other recent bolt-on acquisitions, and is expected to be accretive to earnings in its first full year.

“CAE is well positioned in the current environment, with access to bolstered capital resources, to enhance its market presence with selective, value-based acquisitions within its core. The acquisition of FSC will allow CAE to better support its customers and expand its addressable market,” said Marc Parent, CAE’s President and Chief Executive Officer.

Featured

More events

Related articles



More Features

More features