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

Aug 22, 2023•almost 2 years ago

Acquiring Company

Terra Drone

Acquired Company

Unifly

JapanConsumer Goods

Description

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.

Company Information

Company

Terra Drone

Location

Japan

About

Founded in 2016, Terra Drone is a leading drone and Urban Air Mobility (UAM) technology company providing drone hardware and cloud-based software for survey and inspection such as Terra Lidar and thickness measurement by ultrasonic NDT. Also, in the field of UTM for drones and UAM, we have completed a partial technology transfer from JAXA in Japan. We are the world's largest provider of industrial drone solutions, with offices throughout Japan, including its Tokyo headquarters, and overseas operations primarily in Europe and Southeast Asia. We've been ranked No. 1 in the world in the "Drone Services Companies Worldwide Ranking 2020" by Drone Industry Insights, a global drone market research organization, for two years in a row and and raised Series B funding in March 2022, bringing total funding to $83 million. SOURCE Terra Drone Corporation

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