CAE buys two Montreal-based firms

CAE Inc., which makes flight simulators and trains pilots, has bought two Montreal-based medical technology and education companies as part of its diversification program. CAE, through its health care subsidiary, said yesterday that it acquired ICCU Imaging and Vimedix to broaden its expertise in ultrasound imaging training. ICCU, a specialist in education material, launched in 2005 while Vimedix, which has developed simulation training, was founded in 2007. "These bolt-on acquisitions are an important step in the growth of CAE Healthcare," CAE Healthcare president Guillaume Herve said in a statement. Montreal-based CAE said its goal is to offer health professionals "the opportunity to learn using multiple simulation platforms before testing their skills on patients." CAE rose 19 cents to $8.99.