Dubai’s Falcon Eye Drones Services (FEDS) Group Holdings on Wednesday (April 15) made the announcement of a major strategic investment from global drone-based management solutions provider Aerodyne Group.
Aerodyne is an international drone-based managed solutions provider with offices in Australia, Malaysia, Singapore, Indonesia and the United Kingdom. And this marks Aerodyne’s first investment in the MENA region.
The new investment comes as a part of Aerodyne’s two-year plan to aggressively expand its global footprint, with plans to complete seven mergers and acquisitions.
Falcon Eye will deploy the funds to augment its technology stack and leverage the benefit of Aerodyne’s drone and data technology as well as the digital transformation capabilities.
FEDS has conducted thousands of commercial operations for some of the biggest companies in the Middle East, while Aerodyne itself is already a global leader with more than 300,000 infrastructure assets inspected and managed across 25 countries. Both companies are ranked among the top 20 drone service providers by Drone Industry Insights.
Commenting on the strategic investment and partnership, Rabih Bou Rashid, founder & CEO of FEDS in a press statement said,
“I am very excited with this strategic alliance and have no doubt that it will add significant value to FEDS, our clients and Aerodyne Group.,”
“We look forward to continuously create value and expand the frontier in the drone services space together with Aerodyne.”
On similar lines, Kamarul A Muhamed, founder & group CEO at Aerodyne added,
“By combining our expertise and FEDS local content, we have created a platform that is primed to be the market leader in the region and will supercharge our next phase of growth,”