TRU Simulation + Training Inc. And Its Operations In Tampa, FL, Are Not Included In The Sale
Textron is selling parts of its TRU Simulation + Training subsidiary. The company has reached a definitive agreement to sell certain of its non-U.S. businesses to CAE Inc., for a cash consideration of US$40 million, excluding post-closing adjustments. Included in the transaction is the sale of TRU Simulation + Training Canada Inc., which includes its Montreal manufacturing operations, as well as ETOPS entities in France and Malaysia and a minority interest in a joint venture in Iceland.