Daily Markup

Daily Markup #700: Aerodyne seals 21st global M&A deal with top drone service provider in Italy to further expand their reach worldwide

March 13, 2023 · 2 min read
Credit: Aerodyne

Familiar territory

  • Congratulations to 500-backed drone enterprise solutions company Aerodyne, whose propellers are truly flying far and wide from their humble beginnings in Malaysia! The team announced their 21st global M&A and 2nd in Italy with their strategic investment in Aiviewgroup, the top drone service provider in Italy.
  • Why join forces with Aiviewgroup? The Italian firm has a strong track record of servicing high-profile clients, especially in infrastructure inspection. What’s more, Aiviewgroup has been hitting an average annual revenue growth of 27.82% over the last three years.
  • In Italy, the commercial drone software and services market is projected to grow to US$595 million (RM2.64 billion) in 2026.
  • Aerodyne plans to leverage Aiviewgroup’s advanced expertise and market access to expand their capabilities and global reach.
  • “Through this partnership, Aiviewgroup will be able to capitalize on our deep and proven track record in drone and data technology for nested drone systems and advanced mobility to expand into new markets, including remote autonomous drone-based solutions, and AI-powered analytics which offer better value to their customers,” said Kamarul A Muhamed, founder & Group CEO of Aerodyne.
  • Aerodyne has managed more than 560,000 infrastructure assets with 458,058 flight operations, and surveyed over 380,000 km of power infrastructure across more than 40 countries globally.
  • Read the full article on Digital News Asia.
Daily
Tags:
0
Share
• • • KEEP READING

Daily Markup

  • Daily Markup is brought to you by 500 Global, Southeast Asia

  • All content herein is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively “500 Global”) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Global and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies’ markets, competitors, performance, and fundraising has been provided by those companies’ founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Global, or an offer to provide any investment advisory service with regard to securities by 500 Global. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Global. Prospective investors considering an investment into any 500 Global fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Global fund may have a financial interest in one or more of the companies discussed

    All users of this website should note these important Terms of Use governing the use of this website.

  • Copyright © 2024 500 Global | All Rights Reserved

  • Privacy Policy
    Terms of Use
    Code of Conduct