TXT is expanding the scope of TXT Next’s aerospace business with the acquisition of a majority stake in aerospace software specialist PACE, for an initial cash consideration of €5.6m. The deal will enable TXT Next to offer specialist software in addition to its aerospace IT, consulting and R&D services and gives the division access to a wider international customer base. We will review our forecasts when TXT reports FY15 results on 8 March.
03 Mar 2016
Aerospace software acquisition
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Aerospace software acquisition
TXT e-solutions S.p.A. (TXT:MIL) | 0 0 0.0%
- Published:
03 Mar 2016 -
Author:
Katherine Thompson -
Pages:
2
TXT is expanding the scope of TXT Next’s aerospace business with the acquisition of a majority stake in aerospace software specialist PACE, for an initial cash consideration of €5.6m. The deal will enable TXT Next to offer specialist software in addition to its aerospace IT, consulting and R&D services and gives the division access to a wider international customer base. We will review our forecasts when TXT reports FY15 results on 8 March.