M&A Deal Summary |
|
|---|---|
| Date | 2020-11-24 |
| Target | TRU Simulation + Training |
| Sector | Defense |
| Buyer(s) | CAE |
| Sellers(s) | Textron |
| Deal Type | Divestiture |
| Deal Value | 40M USD |
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CAE engages in modeling, simulation, and training for civil aviation and defense. CAE offers civil aviation, military, and helicopter training services in more than 45 locations worldwide and trains approximately 100,000 crewmembers yearly. In addition, the CAE Oxford Aviation Academy offers training to aspiring pilot cadets in 11 CAE-operated flight. CAE was founded in 1947 and is based in Saint-Laurent, Quebec.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 12 |
| Sector (Defense) | 2 of 3 |
| Type (Divestiture) | 2 of 4 |
| State (Florida) | 2 of 4 |
| Country (United States) | 4 of 7 |
| Year (2020) | 2 of 3 |
| Size (of disclosed) | 5 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-16 |
Flight Simulation B.V.
Schiphol-Oude Meer, Netherlands Flight Simulation Co. B.V. provides total training solutions as well as instructor provisioning. It operates out of a 12-bay facility equipped with Airbus A320, Boeing B737, Boeing B747, Boeing B787, and Embraer E190 full-flight simulators. Flight Simulation was founded in 2005 and is based in Schiphol-Oude Meer, Netherlands. |
Buy | €70M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-22 |
Merlot Aero
Auckland, New Zealand Merlot Aero Ltd. is a civil aviation crew management and optimization software company. Merlot Aero is based in Auckland, New Zealand. |
Buy | $25M |
| Category | Company |
|---|---|
| Founded | 1923 |
| Sector | Diversified |
| Employees | 35,000 |
| Revenue | 13.7B USD (2023) |
Textron is a multi-industry company that leverages a global network of aircraft, defense, industrial and finance businesses to provide customers with products and services around the world. Textron conducts business through five operating segments: Cessna, Bell, Textron Systems and Industrial, and Finance. Cessna is a general aviation company with two principal lines of business: Aircraft sales and aftermarket services. Bell Helicopter is a supplier of military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. Textron Systems’ product lines consist of unmanned aircraft systems, land and marine systems, weapons and sensors and a variety of defense and aviation mission support products and services. Textron Industrial designs and manufactures a variety of products under three principal product lines, including Fuel Systems and Functional Components, Golf and Turf Care, and Powered Tools, Testing and Measurement Equipment. Textron Finance is a commercial finance business that consists of Textron Financial Corporation. Textron was founded in 1923 and is based in Providence, Rhode Island.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 16 |
| Sector (Defense) | 1 of 1 |
| Type (Divestiture) | 15 of 15 |
| State (Florida) | 1 of 1 |
| Country (United States) | 14 of 14 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 8 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-08-05 |
Textron - Dixie Chopper Business
Providence, Rhode Island, United States Textron, Inc. - Dixie Chopper Business manufactures a wide range of commercial and high-end residential mowing equipment. The business, which is currently based in Greencastle, Indiana, has been serving this market for nearly 40 years. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-03-17 |
Pipistrel
Ajdovščina, Slovakia Pipistrel is an electrically powered aircraft company that offers a family of gliders and light aircraft with both electric and combustion engines, has delivered more than 2,500 light aircraft worldwide since its founding, and additionally has both hybrid and electric propulsion models under development. Pipistrel was formed in 1989 and is based in Ajdovščina, Slovakia. |
Buy | - |
