AgEagle gained over 12% in premarket trading.
AgEagle Aerial Systems(NYSE:UAVS) to acquireand senseFly, a Parrot Group wholly-owned subsidiary, in a cash and stock transaction valued at $23M.
Founded in 2009, senseFly develops and produces a proprietary line of eBee-branded, high performance, fixed wing drones for professional use.
Brandon Torres Declet, CEO comments: “Recognized as the producer of the world’s most widely used fixed wing drones, senseFly is an ideal strategic fit for AgEagle; and is expected to accelerate our core growth strategy centered on delivering proprietary, full stack drone solutions to the global agriculture, construction, energy, government sectors, and in the future, package delivery. In addition, senseFly brings AgEagle solid engineering talent focused on advanced research and development, a well-established global reseller network and a strong portfolio of intellectual property.”