CAE acquires Macmet Technologies for greater access to India
CAE 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. “CAE has a long history serving the Indian market and over the past year has announced plans to open a training centre in Bangalore and run two pilot training schools. By acquiring Macmet, CAE is further demonstrating its commitment to serve both the civil and military markets in India with the world’s most comprehensive portfolio of simulation-based products and 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. Some of the recent programs led by Macmet include developing a Cheetah helicopter simulator for the Indian Army, a MiG-27 part task trainer for the Indian Air Force and naval command team trainers for the Indian Navy.
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.