May 16 (Reuters) - Simulation and training systems provider CAE Inc said it bought Oxford Aviation Academy for C$314 million ($312.80 million) to expand its civil aviation training footprint.
The acquisition of Oxford Aviation Academy -- an aviation trainer and crew recruiter -- is expected to add to CAE’s earnings in 2014.
Oxford Aviation Academy had revenue of about C$280 million during CAE’s fiscal year 2012.
CAE said it paid for the deal with a new senior unsecured credit facility.
Shares of CAE were up 6 Canadian cents at C$10.06 on Wednesday morning on the Toronto Stock Exchange.