Canadian flight simulator company CAE signed an agreement to acquire India-based simulation company Macmet Technologies Ltd. for $4.8 million in cash. Macmet, based in Bangalore, India, has a range of experience designing simulators for air, land and naval forces. Macmet assembles, repairs and upgrades flight simulators, tank and gunnery trainers and naval tactical trainers, as well as developing software required for simulations. "The acquisition of Macmet will provide greater access to India’s growing market, and provide CAE additional capabilities to offer cost-effective entry-level training devices," said Marc Parent, CAE’s Group president, Simulation Products and Military Training & Services. CAE already has about 150 engineers in Bangalore, India who are developing visual databases, aircraft systems and instructor support systems software and perform software verification and validation. For related news