Boeing has entered into a definitive agreement to sell several assets from its Digital Aviation Solutions business to Thoma Bravo, a software investment firm.
The all-cash transaction is valued at $10.55 billion and includes Jeppesen, ForeFlight, AerData, and OzRunways.
The agreement is part of Boeing’s effort to streamline operations, reduce debt, and maintain its investment-grade credit rating.
“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.
Boeing will retain digital services that support commercial and defense customers with fleet maintenance, diagnostics, and repair. These services will continue to provide predictive and prognostic maintenance insights.
“This enables all parts of the digital portfolio to focus on their strengths,” said Chris Raymond, President and CEO 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.”
Approximately 3,900 employees work within Boeing’s Digital Aviation Solutions division, including staff from both the retained and divested parts of the business. Boeing and Thoma Bravo said they are coordinating to manage the transition for employees and fulfill customer obligations.
Thoma Bravo, which manages over $179 billion in assets, stated that the acquired businesses have growth potential.
“With a heritage dating back to the 1930s, Jeppesen has been at the forefront of technological innovation for nearly a century,” said Holden Spaht, Managing Partner at Thoma Bravo.
The transaction is expected to close by the end of 2025, subject to regulatory approval and customary closing conditions.
