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CAE to Acquire Bell Aliant's Xwave Aerospace Business


MONTREAL and HALIFAX (CNW) – CAE and Bell Aliant have announced that CAE has signed an agreement to acquire Bell Aliant’s defence, security and aerospace business unit, currently operated by the Xwave division of Bell Aliant Regional Communications Ltd. The purchase price $26.1 million. Xwave supplies real-time software and systems for simulation, training, defence, and integrated lifecycle information management for the aerospace and defence industries. The division employs approximately 200 people in Ottawa, Halifax, Esquimalt, B.C. Xwave offers a suite of training products focused on rear crew trainers and mission rehearsal systems that will further enhance CAE’s military training and services offerings. The acquisition will also allow CAE to add capabilities in the electronic warfare market, the land command and control market, and enhance its presence in the C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) domain.
www.cae.com
www.xwave.com