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M&A Deal Summary

CAE Acquires TRU Simulation + Training

On November 24, 2020, CAE acquired defense company TRU Simulation + Training from Textron for 40M USD

Acquisition Highlights
  • This is CAE’s 2nd transaction in the Defense sector.
  • This is CAE’s 5th largest (disclosed) transaction.
  • This is CAE’s 4th transaction in the United States.
  • This is CAE’s 2nd transaction in Florida.

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

Target

TRU Simulation + Training

Lutz, Florida, United States
TRU Simulation + Training, Inc. delivers innovative training solutions, from full flight simulators to necessary training coursewares, to the commercial and military markets - all while providing superior technical support and customer service.

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Buyer(S) 1

Buyer

CAE

Saint-Laurent, Quebec, Canada
Category Company
Founded 1947
Sector Defense
Employees13,000
Revenue 4.2B CAD (2023)
DESCRIPTION

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
PREVIOUS DEAL
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
FOLLOWING DEAL
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

Seller(S) 1

SELLER

Textron

Providence, Rhode Island, United States
Category Company
Founded 1923
Sector Diversified
Employees34,000
Revenue 13.7B USD (2024)
DESCRIPTION
Textron's corporate headquarters in downtown Providence, Rhode Island.
Textron's corporate headquarters in downtown Providence, Rhode Island.

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 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
PREVIOUS DEAL
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 -
FOLLOWING DEAL
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 -
Mergr

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