Boeing to Sell Portions of Digital Aviation Solutions to Thoma Bravo for $10.55 Billion
Boeing (NYSE: BA) has announced the sale of portions of its Digital Aviation Solutions business to Thoma Bravo in an all-cash transaction valued at $10.55 billion. The deal includes Jeppesen, ForeFlight, AerData, and OzRunways assets.
Boeing will retain core digital capabilities focused on fleet maintenance, diagnostics, and repair services. The transaction affects approximately 3,900 employees globally and is expected to close by the end of 2025, subject to regulatory approval.
The strategic move aligns with Boeing's focus on core businesses and aims to strengthen its balance sheet while prioritizing an investment-grade credit rating. Thoma Bravo, managing over $179 billion in assets, plans to support the acquired business's standalone growth through strategic investments and operational best practices.
Boeing (NYSE: BA) ha annunciato la vendita di una parte del suo business Digital Aviation Solutions a Thoma Bravo in un'operazione interamente in contanti del valore di 10,55 miliardi di dollari. L'accordo include i beni di Jeppesen, ForeFlight, AerData e OzRunways.
Boeing manterrà le capacità digitali principali dedicate alla manutenzione della flotta, diagnosi e servizi di riparazione. La transazione coinvolge circa 3.900 dipendenti a livello globale e si prevede che si concluda entro la fine del 2025, soggetta all'approvazione delle autorità regolatorie.
Questa mossa strategica è in linea con il focus di Boeing sui settori principali e mira a rafforzare il bilancio, dando priorità a un rating creditizio investment-grade. Thoma Bravo, che gestisce oltre 179 miliardi di dollari in asset, intende supportare la crescita autonoma del business acquisito attraverso investimenti strategici e le migliori pratiche operative.
Boeing (NYSE: BA) ha anunciado la venta de parte de su negocio Digital Aviation Solutions a Thoma Bravo en una transacción totalmente en efectivo valorada en 10.55 mil millones de dólares. El acuerdo incluye los activos de Jeppesen, ForeFlight, AerData y OzRunways.
Boeing conservará las capacidades digitales centrales enfocadas en el mantenimiento de flotas, diagnóstico y servicios de reparación. La transacción afecta aproximadamente a 3,900 empleados a nivel mundial y se espera que se cierre a finales de 2025, sujeto a la aprobación regulatoria.
Esta movida estratégica está alineada con el enfoque de Boeing en sus negocios principales y busca fortalecer su balance general, priorizando una calificación crediticia de grado de inversión. Thoma Bravo, que administra más de 179 mil millones de dólares en activos, planea apoyar el crecimiento independiente del negocio adquirido mediante inversiones estratégicas y mejores prácticas operativas.
Boeing (NYSE: BA)는 Thoma Bravo에 디지털 항공 솔루션 사업 일부를 현금 100%로 105억 5천만 달러에 매각한다고 발표했습니다. 이번 거래에는 Jeppesen, ForeFlight, AerData, OzRunways 자산이 포함됩니다.
Boeing은 함대 유지보수, 진단 및 수리 서비스에 중점을 둔 핵심 디지털 역량을 유지할 예정입니다. 이번 거래는 전 세계 약 3,900명의 직원에게 영향을 미치며, 규제 승인에 따라 2025년 말까지 마무리될 것으로 예상됩니다.
이 전략적 조치는 Boeing이 핵심 사업에 집중하고 재무 건전성을 강화하며 투자 등급 신용 등급을 우선시하는 방향과 일치합니다. 1,790억 달러 이상의 자산을 관리하는 Thoma Bravo는 전략적 투자와 운영 모범 사례를 통해 인수한 사업의 독립적 성장을 지원할 계획입니다.
Boeing (NYSE : BA) a annoncé la vente d'une partie de son activité Digital Aviation Solutions à Thoma Bravo dans le cadre d'une transaction entièrement en espèces d'une valeur de 10,55 milliards de dollars. L'accord comprend les actifs de Jeppesen, ForeFlight, AerData et OzRunways.
Boeing conservera les capacités numériques clés axées sur la maintenance des flottes, le diagnostic et les services de réparation. La transaction concerne environ 3 900 employés dans le monde et devrait être finalisée d'ici la fin 2025, sous réserve de l'approbation réglementaire.
Cette décision stratégique s'aligne sur le recentrage de Boeing sur ses activités principales et vise à renforcer son bilan tout en privilégiant une notation de crédit investment grade. Thoma Bravo, qui gère plus de 179 milliards de dollars d'actifs, prévoit de soutenir la croissance autonome de l'entreprise acquise grâce à des investissements stratégiques et aux meilleures pratiques opérationnelles.
Boeing (NYSE: BA) hat den Verkauf von Teilen seines Geschäftsbereichs Digital Aviation Solutions an Thoma Bravo in einer vollständig bar bezahlten Transaktion im Wert von 10,55 Milliarden US-Dollar angekündigt. Zum Deal gehören die Vermögenswerte von Jeppesen, ForeFlight, AerData und OzRunways.
Boeing behält die Kern-Digitalfunktionen, die sich auf Flottenwartung, Diagnostik und Reparaturdienste konzentrieren. Die Transaktion betrifft weltweit etwa 3.900 Mitarbeiter und soll bis Ende 2025 abgeschlossen sein, vorbehaltlich der behördlichen Genehmigung.
Dieser strategische Schritt steht im Einklang mit Boeings Fokus auf das Kerngeschäft und zielt darauf ab, die Bilanz zu stärken und eine Investment-Grade-Kreditwürdigkeit zu priorisieren. Thoma Bravo, das über 179 Milliarden US-Dollar an Vermögenswerten verwaltet, plant, das erworbene Geschäft durch strategische Investitionen und bewährte operative Praktiken beim eigenständigen Wachstum zu unterstützen.
- Substantial cash injection of $10.55 billion strengthening balance sheet
- Strategic focus on core business operations
- Retention of critical digital capabilities for fleet maintenance and diagnostics
- Progress toward investment-grade credit rating goal
- Divestment of significant digital aviation assets
- Loss of potential future revenue streams from digital solutions business
- Reduction in operational scope and market presence in digital aviation
Insights
Boeing's $10.55B sale strengthens its balance sheet while focusing on core operations; Thoma Bravo gains established aviation technology platforms with growth potential.
Boeing's decision to sell portions of its Digital Aviation Solutions business to Thoma Bravo for
The transaction affects a division where approximately 3,900 employees work, though the exact split between those transferring and those remaining at Boeing isn't specified. The company indicates it's working with Thoma Bravo to ensure a smooth transition while maintaining customer service levels.
For Thoma Bravo, with
The transaction, expected to close by the end of 2025 subject to regulatory approval, provides Boeing with substantial liquidity that can strengthen its financial position while allowing it to concentrate resources on its primary aerospace operations. This cash infusion comes at a time when Boeing has explicitly stated its priority of maintaining an investment grade credit rating.
Boeing's strategic divestiture refines its business model while retaining critical maintenance capabilities; digital assets gain focused investment under software specialist Thoma Bravo.
This
Boeing Global Services President Chris Raymond indicated the move "enables all parts of the digital portfolio to focus on their strengths," suggesting the company sees this as optimizing both the retained and divested operations. The assets being sold have undergone what Thoma Bravo describes as "an impressive growth transformation in recent years" with "strong momentum."
For the digital aviation solutions being acquired, Thoma Bravo's specialized focus on software investments could potentially accelerate growth through targeted investment and operational improvements. The private equity firm has expressed interest in building upon Jeppesen's track record and powering "its next phase of growth."
This transaction reflects Boeing's strategic prioritization of its core aerospace manufacturing and services while placing these digital aviation assets under ownership specifically focused on software business development. The substantial cash injection supports Boeing's stated objective of supplementing its balance sheet while focusing on core operations.
Boeing will retain core digital capabilities that harness both aircraft and fleet-specific data to provide commercial and defense customers with fleet maintenance, diagnostics and repair services. This digital expertise will continue to provide predictive and prognostic maintenance insights.
"This transaction is an important component of our strategy to focus on core businesses, supplement the balance sheet and prioritize the investment grade credit rating," said Kelly Ortberg, Boeing president and chief executive officer.
"This enables all parts of the digital portfolio to focus on their strengths," said Chris Raymond, president and chief executive officer of Boeing Global Services. "Our commitment to meeting our customers' needs is unwavering as we move forward with our core products and services to support their fleets."
"We are proud to be investing in such an important technology platform in the broader aerospace and defense industry," said Holden Spaht, a Managing Partner at Thoma Bravo. "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."
"The business has been through an impressive growth transformation in recent years and has strong momentum," said Scott Crabill, a Managing Partner at Thoma Bravo. "Thoma Bravo has a long track record of backing leading technology companies in partnership with existing management. We look forward to supporting the company's standalone growth objectives through strategic investments, operational best practices and a shared commitment to innovation and long-term value creation."
Approximately 3,900 employees around the globe work in Boeing's Digital Aviation Solutions organization, which includes elements of the business remaining within Boeing and those included in the sale. Boeing is working with Thoma Bravo to help ensure as seamless of a transition as possible for employees while continuing to meet the needs of customers in accordance with all obligations.
The transaction is expected to close by the end of 2025 and is subject to regulatory approval and customary closing conditions.
Citi is acting as exclusive financial advisor to Boeing, and Mayer Brown LLP is acting as outside counsel. Kirkland & Ellis LLP is acting as legal counsel to Thoma Bravo.
About Boeing
A leading global aerospace company and top
About Thoma Bravo
Thoma Bravo is one of the largest software-focused investors in the world, with over
Caution Concerning Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and other similar words or expressions, or the negative thereof, generally can be used to help identify these forward-looking statements. Examples of forward-looking statements include statements relating to the anticipated benefits of the transaction, future collaborations between the parties, and the timetable for completing the transaction, as well as any other statement that does not directly relate to any historical or current fact. Forward-looking statements are based on expectations and assumptions that we believe to be reasonable when made, but that may not prove to be accurate. Forward-looking statements are not guarantees and are subject to risks, uncertainties, and changes in circumstances that are difficult to predict. Many factors could cause actual results to differ materially and adversely from these forward-looking statements. Among these factors are risks related to general conditions in the economy and our industry, including those due to regulatory changes, the ability of the parties to consummate the transaction, and other important factors disclosed previously and from time to time in Boeing's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Any forward-looking statement speaks only as of the date on which it is made, and we assume no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law.
Contact:
Boeing
media@boeing.com
Thoma Bravo
Megan Frank
mfrank@thomabravo.com
or
FGS Global
Abby Farr/Akash Lodh
ThomaBravo-US@fgsglobal.com
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SOURCE Boeing
FAQ
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