The Decision Behind the Sale
Strengthening Cash Position and Focusing on Core Businesses
Boeing’s decision to sell off parts of its Digital Aviation Solutions business to Thoma Bravo is driven by a desire to strengthen its cash position and focus on its core business of manufacturing airplanes and key technical operations. This move is expected to provide Boeing with the necessary financial flexibility to invest in areas that align with its long-term growth strategy.
What is Being Sold?
- Jeppesen
- ForeFlight
- AerData
- OzRunways
These assets are being sold as part of an all-cash transaction worth $10.55 billion. The sale includes provisions on data sharing and future collaborations to ensure continuity of operations under Thoma Bravo’s ownership.
Boeing’s Retained Core Digital Capabilities
| Core Digital Capabilities | Description |
|---|---|
| Core digital capabilities | Capture aircraft and fleet-specific data to provide commercial and defense customers with fleet maintenance, diagnostics, and repair services and predictive and prognostic maintenance insights. |
| Core digital capabilities | Retain this core digital capabilities, ensuring the company can continue to provide its customers with essential services and data-driven insights. |
Thoma Bravo’s Plans for the Acquired Assets
A New Chapter for Jeppesen, ForeFlight, and More
Thoma Bravo, a private equity investment firm, has announced its plans to invest in Jeppesen, ForeFlight, AerData, and OzRunways as part of its acquisition of Boeing’s Digital Aviation Solutions business. Thoma Bravo’s investment is expected to power the next phase of growth for these assets.
Holden Spaht on Thoma Bravo’s Plans
“We are proud to be investing in such an important technology platform in the broader aerospace and defense industry. With a heritage dating back to the 1930s, Jeppesen has been at the forefront of technological innovation for nearly a century. We are excited to build on this track record and power its next phase of growth.”
— Holden Spaht, Managing Partner at Thoma Bravo
Transition and Collaboration
Seamless Transition and Customer Support
- Approximately 3,900 people are employed by Boeing’s Digital Aviation Solutions.
- Boeing and Thoma Bravo are working together to ensure a seamless transition for employees.
- Boeing and Thoma Bravo are committed to meeting the needs of customers in compliance with obligations.
Timing and Next Steps
Transaction Closing Timeline
- Expected to close by the end of 2025.
- Subject to regulatory approval and the usual closing conditions.
Conclusion
Boeing’s sale of its Digital Aviation Solutions business to Thoma Bravo marks a significant development in the company’s strategy to focus on its core businesses and strengthen its financial position. Thoma Bravo’s investment is expected to power the growth of Jeppesen, ForeFlight, AerData, and OzRunways, while Boeing retains its core digital capabilities to provide its customers with essential services and data-driven insights. As the transaction progresses, both parties are committed to ensuring a seamless transition for employees and customers.
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