CAE is expanding its presence in the Indian market with the acquisition of Macmet Technologies.
The simulation and training specialist is paying C$5 million ($4.8 million) in cash for the Bangalore-based company which designs, assembles and repairs simulators for air, land and naval forces.
The move will provide "greater access to India's growing market", as well as making it easier for CAE to offer "cost-effective entry-level training devices", according to CAE group president simulation products and military training and services Marc Parent.
CAE has built on its "long history serving the Indian market", with plans announced earlier this year to train pilots in India, Parent says. CAE already employs around 150 engineers in Bangalore working on programmes for overseas market and its workforce will grow by 90 with the addition of Macmet's staff, which will continue to focus on the domestic market. It does not plan to combine the two workforces, but expects Macmet to grow as it wins additional business in India.
Source: Flight International
