The Canadian aerospace and defense company said Friday the transaction initially announced in October 2023 is subject to customary adjustments and proceeds from the deal will enable it to streamline its core businesses’ operating model and portfolio.
The divestiture of CAE’s health care business will also support technology advancement, market leadership and cost structure optimization.
In a separate announcement, Jeff Evans, president of CAE Healthcare, said the integration of the global CAE Healthcare team into Madison Industries will expand the reach of the former’s simulation technology.
“This dedicated focus will allow us to progress simulation innovation and improve clinical outcomes with the most complete set of healthcare training tools available,” he added.
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Precision Aerospace & Defense Group and FACT II Acquisition, a special purpose acquisition company, have signed a definitive business combination agreement to…
LMI has announced the acquisition of intellectual property and advanced capabilities to broaden its in-transit visibility and asset tracking services for…
