CAE closes acquisition of xwave Defence, Security and Aerospace (DSA) division
04 Mai 2009 - 12:00PM
Marketwired
CAE (TSX: CAE)(NYSE: CGT) and Bell Aliant Regional Communications
Income Fund ("Bell Aliant") today announced that CAE's acquisition
of Bell Aliant's Defence, Security and Aerospace (DSA) business
unit, operated by the xwave division of Bell Aliant Regional
Communications, Limited Partnership, has been completed.
xwave's DSA division supplies real-time software and systems for
simulation, training, defence, and integrated lifecycle information
management for the aerospace and defence industries. The division
employs approximately 200 people in Ottawa, Ontario; Halifax, Nova
Scotia; and Esquimalt, British Columbia.
About xwave
xwave, a division of Bell Aliant, is an Information Technology
service provider that serves clients through three lines of
business: Professional Services, Healthcare, and Advanced
Technology Solutions. Together they plan, design, build, and
deliver technology solutions that meet clients' business needs and
help clients build a simpler, greener and more stable IT
environment. xwave employs over 1000 people in offices in St.
John's, Halifax, Moncton, Saint John, Fredericton, Charlottetown,
Summerside, Montreal, Ottawa, Toronto, and New England. More
information can be found at www.xwave.com.
About Bell Aliant
Bell Aliant (TSX: BA.UN) is one of North America's largest
regional communications providers. Through its operating entities
it serves customers in six Canadian provinces with innovative
information, communication and technology services, including
voice, data, Internet, video and value-added business solutions.
Through its xwave offices, Bell Aliant also provides IT
professional services in Canada and the US. Bell Aliant's employees
are committed to deliver the highest quality of customer service,
choice and convenience. More information can be found at
www.bellaliant.ca.
About CAE
CAE (TSX: CAE)(NYSE: CGT) is a world leader in providing
simulation and modelling technologies and integrated training
solutions for the civil aviation industry and defence forces around
the globe. With annual revenues exceeding C$1.4 billion, CAE
employs approximately 7,000 people at more than 75 sites and
training locations in 20 countries. We have the largest installed
base of civil and military full-flight simulators and training
devices. Through our global network of 27 civil aviation and
military training centres, we train more than 75,000 crewmembers
yearly. We also offer modelling and simulation software to various
market segments and, through CAE's professional services division,
we assist customers with a wide range of simulation-based needs.
www.cae.com.
Contacts: Media relations: Nathalie Bourque CAE Vice President,
Public Affairs and Global Communications 514-734-5788
nathalie.bourque@cae.com Alyson Queen Bell Aliant Public Affairs
902-487-5653 alyson.queen@bellaliant.ca Investor relations: Andrew
Arnovitz CAE Vice President, Investor Relations and Strategy
514-734-5760 andrew.arnovitz@cae.com Zeda Redden Bell Aliant
Investor Relations 902-487-5726 zeda.redden@bellaliant.ca
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