Terra Drone Acquires A Majority Share Of Unifly, The World'S Leading Provider Of Unmanned Aircraft System Traffic Management (Utm) Technology, With A Strategic Aim To Enhance Global Drone And Urban Air Mobility (Uam) Business Through Integrated Strategies
Acquiring Company
Terra Drone
Acquired Company
Unifly
JapanManufacturingConsumer GoodsPublic SafetyDescription
Terra Drone Corporation, a prominent player in the drone and UAM industry, has acquired majority shares in Unifly NV, the recognized UTM global leader. Terra Drone's stake in Unifly has risen to 51%. Unifly's stakeholders share a unified commitment to the company's long-term vision. Terra Drone's initial investment dates back to 2016, with Unifly also securing shareholders such as PMV, the Flemish government investment fund. Subsequent investments came from strategic partner and customer DFS, the German Air Navigation Service Provider (ANSP), followed by FPIM, the Federal Public Holding Fund of the Belgian Government in 2018. JOIN, the Japanese government fund under the Ministry of Transport, made a contribution in 2022.
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Frequently asked
Who acquired Unifly?
Unifly was acquired by Terra Drone, based in Japan. The deal was reported on August 22, 2023. Terra Drone is privately held and operates in Manufacturing.
When did Terra Drone acquire Unifly?
Terra Drone's acquisition of Unifly was reported on August 22, 2023. Terra Drone Corporation, a prominent player in the drone and UAM industry, has acquired majority shares in Unifly NV, the recognized UTM global leader. Terra Drone's stake in Unifly has risen to 51%. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Unifly do?
Unifly is the company acquired in this transaction. It is privately held.
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