SITA has agreed to acquire Flightscape Inc. from CAE, according to African Pilot Magazine. The publication did not disclose the amount SITA will pay for the company.
The report, in Edition 43 of the magazine, listed the agreement under its business, finance and technology section alongside other aviation industry items. It gave no further details on the terms, the timing of a closing, or the reasons behind the transaction.
Flightscape Inc. is the target company in the deal, and CAE is the seller. SITA is the buyer.