Boeing announced on Tuesday that it has entered into a definitive agreement to sell portions of its Digital Aviation Solutions business to private equity firm Thoma Bravo for $10.55 billion in an all-cash transaction.
The deal includes Jeppesen, ForeFlight, AerData, and OzRunways. Boeing will retain key digital capabilities related to fleet maintenance, diagnostics, and repair services, which will continue to support both commercial and defense operations, the company said.
The sale forms part of Boeing’s strategy to streamline operations and strengthen its capital structure. Company leadership cited the transaction as a means to focus on its core businesses.
“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, in a news release.
Roughly 3,900 workers are part of Boeing’s Digital Aviation Solutions organization. Boeing and Thoma Bravo stated they are working together to ensure as “seamless of a transition as possible for employees.”
Thoma Bravo leaders emphasized the value of the digital aviation assets being acquired and expressed intentions to support the business’s continued growth.
“We are proud to be investing in such an important technology platform in the broader aerospace and defense industry,” said Holden Spaht, managing partner at Thoma Bravo.
The transaction is expected to close by the end of 2025, pending regulatory approvals and customary closing conditions.
