Boeing said it will retain core digital capabilities that use aircraft and fleet-specific data to provide commercial and defence customers with fleet maintenance, diagnostics and repair services.
In a statement, Kelly Ortberg, Boeing president and CEO said: "This transaction is an important component of our strategy to focus on core businesses, supplement the balance sheet and prioritise the investment grade credit rating."
"We are proud to be investing in such an important technology platform in the broader aerospace and defence industry," said Holden Spaht, a managing partner at Thoma Bravo, a software investment firm based in Chicago. "With a heritage dating back to the 1930s, Jeppesen has been at the forefront of technological innovation for nearly a century. We are excited to build on this track record and power its next phase of growth."
"The business has been through an impressive growth transformation in recent years and has strong momentum," added Scott Crabill, a managing partner at Thoma Bravo. "Thoma Bravo has a long track record of backing leading technology companies in partnership with existing management. We look forward to supporting the company's standalone growth objectives through strategic investments, operational best practices and a shared commitment to innovation and long-term value creation."
Boeing's Digital Aviation Solutions business employs around 3900 employees globally, including parts of the business remaining within Boeing and those included in the sale.
Boeing added that it is working with Thoma Bravo to help ensure a seamless for employees while continuing to meet the needs of customers.
The transaction is expected to close by the end of 2025.
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