The agreement includes also principles for data sharing and future collaborations to ensure continuity of operations under the new ownership

The aerospace giant Boeing has announced yesterday a definitive agreement to sell portions of its Digital Aviation Solutions business to Thoma Bravo, a software investment firm. This all-cash transaction is valued at $10.55 billion and includes assets of primary importance as Jeppesen, ForeFlight, AerData and OzRunways. 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.

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. The Seattle's industry, according to a statement, 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.

Thoma Bravo is one of the largest software-focused investors in the world, with over US$179 billion in assets under management as of December 31, 2024. Through its private equity, growth equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco.