CAE Acquires Schreiner Aviation

On August 24, 2001, CAE Inc. completed the acquisition from Schreiner Luchtvaart Groep BV of the Netherlands of all the shares of Schreiner Aviation Training BV for a purchase price of approximately $260 million. CAE is the world's provider of simulation and control technologies for training and optimization solutions in aerospace, defence and forestry.

CAE was represented by a Stikeman Elliott team comprised of Rockey Delfino, Stuart Carruthers and Darren Littlejohn (corporate) and Paul Collins (competition), assisted by Frank Leijdesdorff and Claudine Goedel of Loyens & Loeff in Amsterdam. Arie Schaberg and Katelijne van Hassel of De Brauw Blackstone Westbroek in Amsterdam represented Schreiner.