The mixture money and inventory transaction for Measure, valued at $45 million, is the most recent transfer in publicly-traded AgEagle Aerial Systems (NYSE American: UAVS) efforts to “grow to be the corporate of selection for end-to-end drone options,” says an organization launch.
AgEagle was based in 2010 as a companies supplier to the agriculture trade. Measure was based in 2014 as a drone companies supplier with a franchise mannequin. Both firms have developed with the drone trade: AgEagle now presents drone manufacturing and growth companies, drone supply companies, and software program and companies for the agriculture sector, together with a specialty providing for hemp farmers. AgEagle acquired multispectral sensor firm MicaSense in January of this 12 months, bringing them into the sensor area.
Measure’s inspection companies enterprise was acquired by AeroDyne in 2019: since then, the corporate has targeted on their SaaS drone working answer, Ground Control. “Ground Control is a cloud-based, plug-and-play working system that empowers pilots and enormous enterprises with all the pieces they should function drone fleets, fly autonomously, collaborate globally, visualize knowledge and combine with current enterprise programs and processes,” says the discharge. Measure has “Focused initially on business functions for drones, together with agriculture, infrastructure, development and insurance coverage, Measure has additionally expanded into the federal government and army area, and just lately introduced a challenge with the U.S. Air Force,” says the press launch.
Michael Drozd, CEO of AgEagle, said, “Measure represents the subsequent step on our Company’s continued path as we evolve in changing into a worldwide chief in end-to-end drone options; and it enormously enhances our current acquisition of superior drone sensor chief MicaSense. In addition to established trade partnerships with Microsoft, Google, Amazon Web Services and different main know-how firms, coupled with a rising international buyer base for its Ground Control software program platform, Measure brings to AgEagle a world class workforce of drone know-how specialists with deep operational expertise, tens of 1000’s of profitable missions and trade recognition and respect as one of many world’s main aerial intelligence options firms.”
Brandon Torres Declet, Co-Founder and CEO of Measure and just lately appointed member of the FAA’s Drone Advisory Committee, added, “AgEagle and Measure are utterly aligned on our imaginative and prescient for the way forward for The Drone Age™. As such, this merger represents a robust marriage of strengths, expertise and extremely complementary capabilities and know-how that ought to earn us distinction because the main supplier of true end-to-end drone options on a worldwide foundation.”
For extra detailed details about the acquisition, please confer with the associated Form 8-Okay filed by AgEagle with the U.S. Securities and Exchange Commission and accessible at www.sec.gov.
Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, an expert drone companies market, and a fascinated observer of the rising drone trade and the regulatory atmosphere for drones. Miriam has penned over 3,000 articles targeted on the business drone area and is a global speaker and acknowledged determine within the trade. Miriam has a level from the University of Chicago and over 20 years of expertise in excessive tech gross sales and advertising and marketing for brand new applied sciences.
For drone trade consulting or writing, Email Miriam.
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