Merlot Aero founder gets big pay day after company acquired by Canadian giant
The deal will see CAE Inc pay $36m for the company, and possibly a further$14m.
Toronto-listed CAE Inc, a company best known for creating flight simulators, has purchased New Zealand flight crew management software company Merlot Aero.
CAE acquired Merlot Aero for US$25 million (NZ$36m) p lus up to an additional US$10m (NZ$14m) in an earn-out tied to growth goals over the
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