CAE expands operations in India with acquisition of Macmet Technologies

Montreal: CAE announced today the company has signed an agreement to acquire Macmet Technologies Limited for approximately C$5 million in cash.
Macmet, based in Bangalore, India, is the leading simulation company in India. Macmet has a range of experience designing simulators for air, land, and naval forces.
"The acquisition of Macmet will provide greater access to India's growing market, and provide CAE additional capabilities to offer cost-effective entry-level training devices," said Marc Parent, CAE's Group President, Simulation Products and Military Training & Services.
Macmet who has 90 employees, has been serving the Indian market with simulation solutions for more than 10 years. The company assembles, repairs and upgrades flight simulators, tank and gunnery trainers and naval tactical trainers, as well as developing software required for simulations. In addition, Macmet has developed constructive simulations for naval wargaming.
CAE already has approximately 150 engineers in Bangalore, India who are developing visual databases, aircraft systems and instructor support systems software and perform software verification and validation for CAE.
With annual revenues of over C$1 billion, CAE operates in 19 countries around the world. CAE has sold nearly 700 simulators and training devices to airlines, aircraft manufacturers, training centres and defence forces for air and ground purposes in more than 40 countries.
11/07/07 CNNMoney.com

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