CAE Agrees to Sell Airline Software Business Flightscape to SITA for $500 Million
CAE has entered into a definitive agreement to divest its airline operations software unit, Flightscape, to global aviation technology provider SITA. The transaction is valued at an enterprise value of approximately $500 million. The sale represents a strategic shift for CAE as it focuses on its core business segments. By offloading the Flightscape division, CAE aims to streamline its portfolio and realize significant capital from the divestiture.
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