Announced
Synopsis
Drone Delivery Canada, a drone technology company focused on the design, development, and implementation of its proprietary technologies for remotely piloted aircraft, agreed to merge with Volatus Aerospace, a company specializing in the operation of piloted and remotely piloted aircraft systems. Financial terms were not disclosed. “Drone Delivery Canada has been searching for the right partner to join us on our growth journey and we are confident that Volatus is a great fit, from a management vision point of view, industry know-how, and experience. We were initially attracted to Volatus’ strong reputation in the industry, admirable fiscal management through a challenging capital markets environment, and vision towards generating diversified lines of revenue," Steve Magirias, Drone Delivery Canada Chief Executive Officer.
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