Sabre AirCentre

Sabre AirCentre is a global provider of aircraft tracking, information technology and communications solutions for the aviation community.

History

2021: CAE bought Sabre AirCentre for $392.5 million

On October 28, 2021, Sabre announced the sale of the Sabre AirCentre flight control software development unit to CAE for $392.5 million. The perimeter of the transaction included the Sabre AirCentre portfolio of products, relevant technologies and intellectual property, as well as a team of AirCentre specialists. Completion of the transaction is expected in the first quarter of 2022 and depends on compliance with normal conditions and regulatory approval.

The acquisition of Sabre AirCentre will allow CAE to expand the reach of its client base, not limited to pilot training, and approve the company as a technological leader in the growing market of leading digital flight and crew solutions in the industry.

CAE acquired Sabre AirCentre for $392.5 million

For Sabre, the sale of the company demonstrates its commitment to previously announced strategic initiatives and is another step towards realizing its vision of creating a new market for personalized travel. Thanks to this deal and other strategic changes implemented in 2020, Sabre will be better positioned to generate additional revenues in the future, the press release says.

The Sabre AirCentre business is highly regarded by many of the world's leading airlines, almost all of which are CAE customers today. This acquisition will greatly enhance CAE's capabilities within a large airline customer base and allow us to fulfill our goal of helping our civil aviation customers manage their business with the highest level of efficiency and accuracy. We intend to invest and innovate in the field of digital flights and crew work, which is one of the areas of development of our business, "said CAE President and CEO Marc Parent.

This deal will be the ninth lucrative acquisition for CAE since the beginning of the COVID-19 coronavirus pandemic, further confirming the company's intention to emerge from a larger, more sustainable and more profitable pandemic. Until 2024, CAE will consistently combine the digital ecosystem of flight operations in order to provide a holistic set of solutions designed to improve performance and improve the quality of flights and crew services.^[1]

Notes