Boeing announced its acquiring Peters Software GmbH, a market leading provider of European Aviation Safety Agency or EASA-based training content for early stage pilot training. Financial terms of the deal has not been disclosed.
The Germany-based company Peters Software is an expert in curriculum and materials for commercial and private pilots operating in fast growing markets compatible with EASA. On the other hand, Boeing trains approximately 1,200 flight, maintenance and cabin safety personnel daily throughout its global training network. It offers a overall inclusive portfolio of pilot, maintenance and cabin safety training at 17 campuses on six continents.
Stan Deal, senior vice president of Commercial Aviation Services said, “The high-quality software that Peters Software develops enhances Boeing’s customized pilot training content to meet specific needs of our customers. This acquisition allows Boing Flight Services to offer training materials consistent with the standards set by the European Aviation Safety Agency, one of the world’s leading aviation regulatory authorities.”
Studies by Boeing’s Pilot and Technician Outlook show that airlines would require 558,000 new pilots in the next 20 years to support the growth in the global fleet. Now this acquisition is expected to help Boeing meet the increasing global demand for qualified aviation personnel. Further to the acquisition, Peters Software’s team of 20 full time employees would be joining Boeing upon a contractual signing.
Matthew Ganz, president of Boeing Germany and Northern Europe and vice president European Technology Strategy said, “We value the expertise of the team in Cologne and welcome the Peters Software employees to the Boeing Company. This is an important step for Boeing and provides new opportunities to the Peters Software team as Boeing continues to grow its business, footprint and engagement in Germany.”