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CAE
April 20, 2007: Simulation
& flight training specialist CAE (NYSE:
CGT; TSX: CAE) is investing US$16 million (C$18 million) in
cash to acquire MultiGen Paradigm Inc., a developer
of real-time, visualizing simulation software application operated
by over 3,000 customers. According to Marc Parent,
CAE's Group President, Simulation Products and Military Training
& Services (MT&S), the acquisition is designed to expand
the company's capabilities to respond to its customer's modeling
and simulation needs, offering an integrated suite of commercial-off-the-shelf
(COTS) software products and services. MultiGen's products include
real-time 3D modeling, terrain, and synthetic environment creation
tool set and various synthetic simulation and environment management
systems.
more...
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With annual revenues of over C$1 billion, the company has
sold nearly 700 simulators and training devices to airlines,
aircraft manufacturers, training centers and defense forces
for air and ground purposes in more than 40 countries. 110 full-flight
simulators are owned and operated by the company in 20 aviation
training centers serving approximately 3,500 airlines, aircraft
operators and manufacturers across the globe. In 2005 CAE embarked
on a growth strategy that involved a number of acquisitions
and developments. The company's subsidiaries are operating in
Canada, the United States, Europe and Australia. The acquisition
and integration of TERREX, Engenuity
and MultiGen Paradigm, into CAE's product lines is expected
to create a single, integrated COTS software business. These
COTS software business within CAE will include separate engineering
and sales staff who operate independently from CAE's traditional
simulation and training business. The recent addition of Kesem
International Pty in Australia will also contribute
modelling and simulation COTS products to the product line in
the future.
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