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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.

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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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