Italy’s ENAV has signed an agreement to acquire 100 per cent of the air navigation division of IDS – Ingegneria dei Sistemi, further strengthening its role as a leading international provider of non-regulated air traffic management services.
The division develops software solutions for aeronautical information management and air traffic management.
IDS is one of the leading providers of select ATM products and services worldwide, serving over 100 clients, including ENAV, in Italy, Europe and in countries beyond Europe.
The air navigation division has its main headquarters in Italy and owns subsidiaries abroad, the main ones of which are in Canada and Australia.
On the basis of preliminary estimates for 2018, the air navigation division of IDS generated €24 million of revenue with an EBITDA margin in line with that of the ENAV group.
The transaction recently follows the decision by ENAV to launch its D-Flight U-space platform to provide unmanned traffic management (UTM) services for drones together with Leonardo, Telespazio and IDS-Ingegneria Dei Sistemi.
Following a share capital increase amounting to €6.6 million, ENAV will hold 60 per cent of D-Flight’s capital with the remaining held by a grouping formed by Leonardo, Telespazio and IDS