Business
Add as a preferred source on GoogleFlightscape is CAE's airline operations software business. The companies reached a definitive agreement Monday, Oct. 26.
CAE agreed Monday to transfer its Flightscape business to SITA in a transaction with a $500 million enterprise value, a deal that would give the aviation technology company an airline operations software unit.
CAE and SITA reached a definitive agreement on Oct. 26. CAE owns airline operations software unit Flightscape. SITA supplies aviation technology globally.
Acuity plans to fund $500 million of the price with borrowings. The deal would add leak and equipment monitoring products to its Distech Controls business.
The transaction requires regulatory approval and provides for payment at closing, followed by conditional installments over five years.
The Information’s hypothetical valuation reaches $17 billion, but neither outlet reported a bid or agreement.
