Milan, 23 December 2025 – 13:00 (CET)
TXT e-solutions S.p.A. ("TXT"), a company listed on the STAR Segment of the Mercato Telematico Azionario organised and managed by Borsa Italiana S.p.A., continues its strategy to strengthen its Smart Solutions portfolio with the signing of the Asset Purchase Agreement ("APA") for the acquisition of the SmartRoutes® division ("SR division") of Nexteon Technologies, Inc., a U.S.-based technology company specializing in advanced aviation software and optimization solutions.
The closing of the investment, to be executed by the U.S. subsidiary of the TXT Group, PACE America, is subject to certain conditions set forth in the APA and is expected to take place in the first quarter of 2026. The ESG-focused SR division specializes in advanced real-time, enroute flight optimization technology designed to dynamically improve aircraft routing during flight. Leveraging highfidelity trajectory modeling, operational constraints, and real-time data the SR capability continuously optimizes flight paths, enabling airlines to reduce fuel consumption, emissions, and operating costs while enhancing operational efficiency.
The SR technology is already embedded into PACE’s Flight Profile Optimization (FPO) product, delivering a best-in-class solution to U.S. airline customers. This strategic acquisition will allow TXT to fully integrate the assets and the future roadmap of this strategic supplier into its Smart Solutions portfolio. The advanced technology, customer contracts (mainly acquired through PACE, a TXT company), and specialized resources will ensure a successful integration of the SR division within PACE’s FPO offering and maximize synergies.
Daniele Misani, CEO of TXT e-solutions, commented "The acquisition of SmartRoutes represents a strategic step to consolidate mature technologies, contracts, and highly qualified personnel, strengthening TXT’s international offering in the strategic airlines market. This asset deal aligns with our 2025–2027 Industrial Plan, which foresees targeted M&A investments to expand high value-added clusters such as Aerospace & Aviation. SmartRoutes brings a fast-growing, profitable business with recurring revenues, further consolidating our leadership in the airline sector. We are confident that this move will accelerate our global expansion, enhancing margins and backlog through immediate operational synergies."
Dr. Jill Wittels, CEO & COO of Nexteon, commented “The tighter integration of Nexteon’s unique and powerful real-time optimization capabilities with Pace’s current and future products will accelerate the delivery of significant fuel and financial efficiencies to our airline customers.PACE/TXT is the ideal acquirer to accelerate the adoption of these industry-leading products
in the marketplace.“
The Enterprise Value at closing will be calculated based on a multiple of 2025 revenues of the
SR division, and the APA includes an earn-out that will be determined based on a multiple of
the ARR from new customer contracts as of the first quarter of 2027.
About PACE:
PACE, a subsidiary of TXT e-solutions, is an international, specialized provider of engineering software solutions that support customers in high-tech markets throughout their mission- and business-critical processes and their product lifecycles. PACE develops innovative, highly usable software products that have helped to design, market and operate a significant portion of the world’s aircraft for more than three decades. Major areas of applications are: - Preliminary aircraft and systems design - HMI & Embedded Graphics - Product configuration - Aircraft analysis and evaluation - Fuel and operational efficiency management - XR and AI based Training Our extensive customer base includes the world’s top aircraft and engine manufacturers, civil and military operators, maintenance service providers and research institutions.