PACE Aerospace Engineering and Information Technology GmbH

PACE Aerospace Engineering and Information Technology GmbH is a specialized firm focused on innovative software solutions for the aerospace and aviation sectors, enhancing operational efficiencies and training methodologies. Founded in 1995 and headquartered in Berlin, Germany, PACE Aerospace Engineering and Information Technology GmbH develops advanced software tailored for the aerospace industry. The company was acquired in March 2016 when TXT e-solutions S. p.

A. secured a 79 percent stake. Alexander Schneegans is the founder, while Frank Ehlermann leads as CEO. PACE has successfully completed 2 deals to date, with its most recent funding round being a EUR 3.

00 mn round led by eCAPITAL. PACE Aerospace Engineering & Information Technology GmbH focuses on developing advanced software solutions for the aerospace sector. Key products include the Pacelab suite, featuring Pacelab WEAVR for immersive training, Desmo for aircraft preliminary design, and FPO for optimizing flight operations. Their software addresses vital challenges, enhancing aircraft design, optimizing flight profiles, and providing analytics through InstructIQ®.

Notable clients include JetBlue and Airbus’s NAVBLUE, with a market presence spanning North America and Europe. In the most recent fiscal year 2023, PACE Aerospace generated revenue of EUR 12,200,021. 50 and reported an EBITDA of EUR 1,610,621. 40 through B2B agreements for their software solutions, predominantly structured as licensing and subscription services.

PACE Aerospace aims to launch new products and enhance existing offerings while targeting expansions into emerging aerospace markets across Asia and South America by 2025. Funding from the recent EUR 3. 00 mn round will support these initiatives, as well as bolster their R&D efforts to develop innovative solutions tailored for the evolving needs of aviation professionals.