SATAVIA acquired by US-based conglomerate GE

SATAVIA is reducing the climate impact of flying by mitigating the warming effect of aircraft-created condensation trails (contrails). Its industry-leading platform DECISIONX:NETZERO optimises flight plans for contrail prevention, quantifies achieved climate benefit and converts mitigation into tradable carbon equivalent outcome units in a new global market.

The company has been endeavouring to raise growth capital for more than a year.

SATAVIA was founded by Adam Durant in 2013 and operates a software subscription service and carbon credits business model which aims to attract 25 airline customers before the end of the decade. Abu Dhabi airline Etihad Airways was among the early engagers for SATAVIA.

In the last year alone US acquirers have paid billions of dollars for Cambridge companies.

It was only last December that Danaher Corporation completed a multi-billion dollar swoop for life science research tools world leader Abcam. Since that time, cyber security star Darktrace has gone to Thoma Bravo, geospatial tech trailblazer IQGeo has been bought by KKR who will take the quoted company private, while Endomag, Versed AI and BioStrata have been bought by Hologic Inc, Exiger and Supreme Group, respectively.

They are among a rising number of Cambridge UK-US interactions all primed to trigger global growth opportunities. Business Weekly has been told by reliable sources both sides of the Atlantic that there are more significant deals to come in the next six-nine months.