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SmartDrone expands UAV service capabilities with acquisition of Skytec's drone operations

Dec 03, 2024•about 1 year ago

Acquiring Company

SmartDrone

Acquired Company

Skytec

TylerChattanoogaAviation & AerospaceManufacturingConsulting

Description

SmartDrone, a leading provider of UAV services, has acquired the drone operations of Skytec. This strategic move enhances SmartDrone's service offerings and technical capabilities, positioning the company for further growth and leadership in the UAV industry.

Company Information

Company

SmartDrone

Location

2014 Deerbrook Dr

Tyler, Texas, United States

About

Based in Tyler, Texas, SmartDrone Corporation designs, engineers, and manufactures LiDAR and imaging drones and provides nationwide Professional Services. As "The U.S.A. Drone Company"®, SmartDrone leads the way in the American Drone Revolution.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed