On January 25, 2021, Textron Inc. completed its sale of its subsidiary TRU Simulation + Training Inc., to CAE Inc for US$40 million. The transaction includes the sale of certain non-U.S. businesses to CAE Inc., and includes Textron’s Montreal manufacturing operations, as well as ETOPS entities in France and Malaysia and a minority interest in a joint venture in Iceland.
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services.
CAE is a high technology company, at the leading edge of digital immersion.
Osler, Hoskin & Harcourt LLP advised Textron Inc., with a team consisting Niko Veilleux, Sophie Amyot, Jean-Philippe Bertrand, Jordana Corber-Tovel (Corporate), Michelle Lally, Danielle Chu (Competition/Antitrust & Foreign Investment), Alain Fournier and David Wilson (Taxation).