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Business/Financial

CAE To Acquire Canadian Aerospace And Defense Software And Systems Business

DDN

Thursday, August 7th, 2008

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Canada's CAE this week said it has agreed to acquire the aerospace and defense business unit of Toronto-based regional communications provider Bell Aliant for up to $24.9 million. The initial purchase price is $14.4 million with earn out provisions potentially adding another $10.5 million to the deal. The transaction is expected to close later this year. The Defence, Security and Aerospace (DSA) business unit of Bell Aliant has 200 employees and supplies software and systems for simulation, training, defense, and…

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