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New Deal


Announced

AgEagle to acquire senseFly from Parrot for $23m.

Financials

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Transaction Value£16m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Switzerland

Majority

Cross Border

Acquisition

Friendly

Aerospace

drones

Pending

Single Bidder

Synopsis

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AgEagle, a provider of drones, sensors and software, agreed to acquire senseFly, a drones manufacturer, from Parrot, a European drone group, for $23m. "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," Brandon Torres Declet, AgEagle CEO.

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