Aquiline Drones (AD), a US manufacturer of unmanned aerial systems (UAS) and provider of cloud solutions for commercial drone operations today announced that it has purchased 50% stake in Aerialtronics, an end-to-end solutions developer. bout in the Netherlands that uses drones, artificial intelligence (AI) and IoT data to deliver real-time information for a variety of business operations. The US $ 9 million transaction is AD’s latest acquisition in its continued commitment to become a large-scale global leader in the UAS industry. Aerialtronics is a subsidiary of Drone Volt (DV), a French listed manufacturer of professional civilian drones and on-board AI, with which AD partnered in October 2020.
“Our new ownership of this highly advanced Dutch company further provides us with access to years of cutting-edge research and development in UAS technology to fill our national void with competitively priced US-made drone products. “said Barry Alexander, Founder and CEO of Aquiline Drones. “With the commercial drone industry expected to double to over $ 42 billion by 2025, we are in a strong position to provide total planetary protection with our complete drone ecosystem. “
Specifically, Aerialtronics produces the popular Altura Zenith, an extremely versatile commercial drone and the Pensar Smart Camera, a multispectral sensor, with cutting-edge artificial intelligence and computing capabilities. AD’s current exclusive manufacturing and distribution license agreements with DV allow global production of both products, as well as the Hercules 2, a durable, lightweight and compact drone. AD renames the two drone models as its own line of Spartacus MACKS and Spartacus Hurricane drones.
Alexander reports that the recent transaction was based on the value of Aerialtronics at $ 17.92 million / € 15 million. Drone Volt will retain operational control of Aerialtronics and will therefore continue to consolidate 100% of its subsidiary in its accounts.
“We are happy to pool our resources around our artificial intelligence subsidiary to accelerate our joint growth. We are once again demonstrating our ability to leverage our leading technological know-how in a sector where innovation and expertise remain key elements for future development ”, said Marc Courcelle, CEO of Drone Volt .
“This is a new step in the Aquiline Drones-Drone Volt partnership and reinforces our mutual commitment to ensure that we are doing everything possible to advance both brands optimally,” adds Alexander. “We intend to continue to invest in technology, marketing and sales with the goal of becoming a US leader in professional civilian drones. This is why we have set ourselves the objective of going public by the end of the year to finance our investments and our growth.
About aquiline drones
Aquiline Drones is America’s premier drone company founded by highly experienced aviators, systems engineers, and computer gurus. With a customer-centric model, US-based manufacturing, and world-class MRO services, the company offers innovative ways to use drones in business operations. Backed by a dedicated UAV cloud, autonomous drone operations with real-time control, and dynamic decision-making capabilities in the field, Aquiline Drones’ full spectrum of technology solutions offer increased applicability in countless industries and environments. by providing real-time information on the data. . Aerospace-compliant processes for manufacturing software, hardware and systems integration, as well as world-class mission capabilities, are being planned and designed. The company continues to forge relationships with federal, state and private organizations, collaboratively developing and launching new drone applications. Visit www.AquilineDrones.com for more information and follow all the exciting company news and updates on AD’s social platforms.
About Drone Volt
Founded in 2011, Drone Volt (ALDRV.PA), is an international leader in the field of professional civilian drones and on-board artificial intelligence with operations in France, Belgium, Netherlands, Canada, Denmark, United States, Switzerland and Indonesia. With its 3 brands, Drone Volt, Aerialtronics and Dandrone, the company is always developing more innovative solutions for the energy, building, civil engineering and security sectors for applications such as inspection, surveillance. , surface treatment, thermography, search and rescue missions. Drone Volt customers include government administrations and industrial groups such as the French Army, the French Ministry of Defense, Engie, Total, Bouygues ES, ADP, the Air Transport Gendarmerie (GTA) and international government agencies. Drone Volt has been awarded the “Innovative Company” label by Bpifrance.
Visit www.DroneVolt.com for more information.