Boeing sells $10.55B navigation software portfolio to Thoma Bravo, including Jeppesen and ForeFlight
Apr 22, 2025
Key Points
- Boeing sells its digital aviation software portfolio to Thoma Bravo for $10.55 billion, unloading flight planning tools Jeppesen and ForeFlight to refocus on core aerospace.
- Thoma Bravo acquires an established customer base across commercial and general aviation with recurring subscription revenue from navigation and flight operations products.
- The deal, expected to close by year-end, positions the PE firm to pursue add-on acquisitions in aviation software.
Summary
Boeing is selling its digital aviation software portfolio to private equity firm Thoma Bravo for $10.55 billion, marking one of the largest software asset sales by a legacy aerospace manufacturer.
The deal includes Jeppesen, which handles flight planning and navigation; ForeFlight, a mobile flight operations platform; Air Data; and OzRunways. Pilots, airlines, and flight operations teams use these tools for navigation, flight planning, and aircraft data management.
Thoma Bravo, a Chicago and San Francisco-based PE firm that specializes in software buyouts and take-private transactions, is acquiring the entire digital aviation division. The transaction is expected to close by year-end.
Boeing is divesting non-core assets to refocus on its core aerospace business. Thoma Bravo gains an established customer base in commercial and general aviation with recurring revenue from subscription-based flight planning and data services. The portfolio also positions the firm to pursue add-on acquisitions in aviation software.