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Boeing has announced it will sell portions of its digital aviation solutions, including the Jeppesen, ForeFlight, AerData, and OzRunways assets, to software investment firm Thoma Bravo. The sale, which will be completed in cash, is valued at $10.55 billion and is expected to close by the end of 2025.
Strategic focus on core competencies
With this transaction, Boeing aims to focus on its core businesses, strengthen its balance sheet, and prioritize its capital goods capability. Boeing President and Chief Executive Officer Kelly Ortberg emphasized that this move will enable the company to further expand its digital capabilities, particularly in predictive and diagnostic technology for maintenance services.
Boeing strengthens digital business units
Chris Raymond, President and Chief Executive Officer of Boeing Global Services, emphasized that the transaction allows the digital portfolio components to focus on their respective strengths. Despite the divestiture, Boeing remains committed to meeting its customers’ needs with its core products and services, which will ensure fleet maintenance and support well into the future.
Thoma Bravo’s investment in the future
Holden Spaht, Managing Partner at Thoma Bravo, stated that they are proud to invest in a significant technology platform in the aerospace industry. With a nearly century-long history of technological innovation, they are ready to further support the platform’s growth. Scott Crabill, also Managing Partner at Thoma Bravo, added that the company will support the business through strategic investments and best practices.
Transition and regulatory requirements
The transaction is expected to close by the end of 2025, subject to regulatory approvals and customary closing conditions. Approximately 3,900 employees worldwide work in Boeing’s digital aviation solutions organization. Boeing’s collaboration with Thoma Bravo aims to ensure a seamless transition for employees while meeting customer needs in line with all commitments.
Boeing is a leading global aerospace company, providing cutting-edge solutions for commercial and military customers. The company remains committed to advancing technologies that promote efficient and reliable maintenance and predictive techniques. With a strong history of innovation and global reach, Boeing is synonymous with the highest standards in the aviation industry.
