Flight simulator firm CAE selling mining division

Five years after placing a bet that entering the mining sector would pay off handsomely as a smart diversification move, flight simulator manufacturer CAE Inc.

Jul 29th, 2015
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Five years after placing a bet that entering the mining sector would pay off handsomely as a smart diversification move, flight simulator manufacturer CAE Inc. The Montreal-based company said on Monday that Constellation Software Inc. has acquired its CAE Mining unit for an undisclosed amount, which one analyst estimates is slightly below the asset’s net book value of $47-million.

Read full Story at The Globe and Mail

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