KS-based drone firm AgEagle has acquired Measure, supplier of Floor Management drone operations software program.
The mix money and inventory transaction for Measure, valued at $45 million, is the newest transfer in publicly-traded AgEagle Aerial Methods (NYSE American: UAVS) efforts to “turn into 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. Each corporations have advanced 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 yr, bringing them into the sensor house.
Measure’s inspection companies enterprise was acquired by AeroDyne in 2019: since then, the corporate has centered on their SaaS drone working answer, Floor Management. “Floor Management is a cloud-based, plug-and-play working system that empowers pilots and huge enterprises with every part they should function drone fleets, fly autonomously, collaborate globally, visualize knowledge and combine with current enterprise programs and processes,” says the discharge. Measure has “Centered initially on industrial functions for drones, together with agriculture, infrastructure, development and insurance coverage, Measure has additionally expanded into the federal government and navy area, and just lately introduced a venture with the U.S. Air Power,” says the press launch.
Michael Drozd, CEO of AgEagle, said, “Measure represents the following step on our Firm’s continued path as we evolve in changing into a world chief in end-to-end drone options; and it enormously enhances our current acquisition of superior drone sensor chief MicaSense. Along with established trade partnerships with Microsoft, Google, Amazon Internet Providers and different main expertise corporations, coupled with a rising world buyer base for its Floor Management software program platform, Measure brings to AgEagle a world class crew of drone expertise 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 corporations.”
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 strong 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 world foundation.”
For extra detailed details about the acquisition, please check with the associated Kind Eight-Okay filed by AgEagle with the U.S. Securities and Alternate Fee 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 surroundings for drones. Miriam has penned over three,000 articles centered on the industrial drone house and is a world speaker and acknowledged determine within the trade. Miriam has a level from the College of Chicago and over 20 years of expertise in excessive tech gross sales and advertising and marketing for brand spanking new applied sciences.
For drone trade consulting or writing, Electronic mail Miriam.
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