Esteemed Customers, esteemed Partners,
it is with great excitement that I announce the completion of the acquisition of the Air Navigation division of IDS by ENAV. Through this important transaction we are creating a leading international player in the field of Air Traffic Management products and services, further expanding our commercial offering and our geographical footprint.
ENAV has consistently played a leading role in the international ATM sector thanks to the core values that have relentlessly guided our efforts: a drive towards innovation and the constant investment in our people. These values are coherent with those we found ingrained in the Air Navigation division of IDS and this was one of the main drivers in the decision to pursue this important transaction which, I believe, will provide a strong momentum to the further growth of the ENAV Group in this rapidly evolving sector.
IDS Air Navigation division will be integrated into the ENAV Group as a dedicated company, maintaining its product range and its people, and best equipped to pursue in full its technological and commercial potential thanks to a solid financial standing and best in class corporate governance. ENAV today represents one of the leading ANSPs globally, with over 4,100 employees and a market capitalization of over 2.7 billion euro and is also the only ANSP worldwide listed on a stock exchange.
It is our commitment that the new company will continue delivering the highest level of professionality, quality and support that you have received over time from IDS Air Navigation division and it is our intention to fully leverage on the innovation and uniqueness of the products and services offered by the company.
In this spirit, looking both at the past and future, we have decided to name the new company “IDS AirNav”, as a tribute to its heritage combined with the brand identity of the ENAV Group.
We are very proud of this valuable addition to our Group and look forward to continue serving you and working alongside you in the coming years ensuring that the satisfaction of our customers remains our top priority.