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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
General Business
5 mins to read

Merlot Aero founder gets big pay day after company acquired by Canadian giant

The deal will see CAE Inc pay $36m for the company, and possibly a further$14m.

Julie Iles Wed, 23 Dec 2020

Toronto-listed CAE Inc, a company best known for creating flight simulators, has purchased New Zealand  flight crew management software company Merlot Aero.

CAE acquired Merlot Aero for US$25 million (NZ$36m) plus up to an additional US$10m (NZ$14m) in an earn-out tied to growth goals over the

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Merlot Aero founder gets big pay day after company acquired by Canadian giant
General Business,
86036
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