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Canada’s CAE Inc. Acquires Interest in Asian Aviation Centre

Montreal-headquartered CAE Inc., a civil aviation, defence and security, and health care markets training company, has concluded the acquisition of AirAsia's share of the Malaysia-based Asian Aviation Centre of Excellence (AACE), one of Asia’s largest training companies for airline and aviation professionals. The US$100 million acquisition allows CAE to expand its footprint in the fast-growing Asia-Pacific aviation market, and further reinforces its position as the global training partner of choice. The 150 employees from the three AACE training centres located in Kuala Lumpur, Malaysia; Singapore; and Ho Chi Minh City, Vietnam become CAE employees as of today.

Information summarized from: 
Canada Stockwatch

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