May 17, 2012
Simulation and training systems provider CAE said it bought Oxford Aviation Academy for CAD$314 million (USD$312.80 million) to expand its civil aviation training footprint.
The acquisition of Oxford Aviation Academy -- an aviation trainer and crew recruiter -- is expected to add to CAE's earnings in 2014.
Oxford Aviation Academy had revenue of about CAD$280 million during CAE's fiscal year 2012.
CAE said it paid for the deal with a new senior unsecured credit facility.
