CAE Closes Acquisition of MultiGen-Paradigm

MONTREAL, May 14 /PRNewswire-FirstCall/ - (NYSE: CGT) - CAE announced today that it has closed the agreement with Parallax Capital Partners, LLC and others to acquire MultiGen-Paradigm Inc., for US$16 million (C$18 million) in cash.

The agreement, announced on April 20, was subject to U.S. government approvals, which have been obtained.

This acquisition of MultiGen-Paradigm, the past acquisition of TERREX, and the recent acquisition of control of Engenuity will be combined with some of CAE's internal resources to create a single, integrated, commercial-off-the-shelf (COTS) software business, growing the Company's modelling and simulation abilities.

MultiGen-Paradigm is a leading supplier of real-time, COTS software for creating and visualizing simulation solutions. The company's core products include MultiGen Creator(TM), a simulation software toolset for real-time 3D modelling, terrain, and synthetic environment creation; Creator Terrain Studio(TM), a software framework that helps manage the synthetic environment creation process; Vega-Prime(TM), software designed for the rapid creation and deployment of real-time 3D simulation applications; and Lyra(TM), a visual simulation application that provides plug-and-play compatibility for various image generators. In addition, MultiGen-Paradigm created and continues to develop industry standard visual simulation file formats, including OpenFlight and MetaFlight. The company presently has more than 3,000 customers.

CAE is a world leader in providing simulation and modelling technologies, and integrated training services to the civil aviation industry and defence forces around the globe. We design, manufacture and supply simulation equipment and offer training and services. This includes integrated modelling, simulation and training solutions for commercial airlines, business aircraft operators, aircraft manufacturers and military organizations and a global network of training centres for pilots, and in some instances, cabin crew and maintenance workers.

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. We have over 110 full-flight simulators in more than 20 aviation training centres, serving approximately 3,500 airlines, aircraft operators and manufacturers across the globe. CAE licenses its simulation software to various market segments and has a professional services division assisting customers with a wide range of simulation-based needs.




Review Article Be the first to review this article
Rand3D

SolidCAM: SolidCAM Dec 2017 Campaign Save 28 percent

Featured Video
MCAD Corporate Newsletter
rss feed
Editorial
Jeff RoweJeff's MCAD Blogging
by Jeff Rowe
The March Of Industrial Robots Continues
Jobs
Geospatial Systems Administrator for BAE Systems Intelligence & Security at arnold, MO
Urban Designer - Urban Design/Planning for SERA Architects, Inc at Portland, OR
Upcoming Events
ESPRIT World 2018 at Indianapolis Marriott Downtown 350 West Maryland Street Indianapolis IN - Jun 11 - 15, 2018
HxGN LIVE 2018 at The Venetian Las Vegas NV - Jun 12 - 15, 2018
IMTS2018 International Manufacturing Tech Show at McCormick Place Chicago IL - Sep 10 - 15, 2018
Kenesto: 30 day trial



Internet Business Systems © 2017 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise