India, April 22 -- Aerospace giant Boeing Co. (BA) announced Tuesday that it has entered into a definitive agreement to sell portions of its Digital Aviation Solutions business to software investment firm Thoma Bravo in an all-cash transaction valued at $10.55 billion.
The Digital Aviation Solutions business includes Boeing's Jeppesen, ForeFlight, AerData and OzRunways assets.
The agreement includes principles for data sharing and future collaborations to ensure continuity of operations under Thoma Bravo's ownership.
The sale strengthens Boeing's capital structure and allows the company to focus on its core business, including key continued technical operations.
Boeing will retain core digital capabilities that harness both aircraft and...