Boeing to Sell Portions of Digital Aviation Solutions

‍DALLAS — Boeing has reached a final deal to sell a portion of its Digital Aviation Solutions business to Thoma Bravo, a top software investment group, comprising its Jeppesen, ForeFlight, AerData, and OzRunways assets. The total value of this all-cash deal is US$10.55 billion.

To offer fleet maintenance, diagnosis, and repair services to both commercial and defense clients, Boeing will continue to maintain its core digital capabilities that leverage data specific to both aircraft and the fleet. Predictive and prognostic maintenance insights will continue to be provided by this digital knowledge.

The Digital Aviation Solutions division of Boeing employs approximately 3,900 people globally, including those involved in sales and those who remain with Boeing. Boeing is working with Thoma Bravo to ensure a smooth transition for staff members while fulfilling all commitments to customers.

Thoma Bravo has acquired or invested in approximately "520 companies representing approximately US$275 billion in enterprise value (including control and non-control investments)." Subject to customary closing conditions and regulatory approval, the transaction is anticipated to close by the end of 2025.

Comments from Boeing, Thomas Bravo Officials

"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 CEO.

"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."

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