M&A Deal Summary

AgEagle Acquires senseFly

On October 18, 2021, AgEagle acquired manufacturer senseFly from Parrot for 23M USD

Acquisition Highlights
  • This is AgEagle’s 1st transaction in the Manufacturing sector.
  • This is AgEagle’s 3rd largest (disclosed) transaction.
  • This is AgEagle’s 1st transaction in Switzerland.

M&A Deal Summary
Date 2021-10-18
Target senseFly
Sector Manufacturing
Buyer(s) AgEagle
Sellers(s) Parrot
Deal Type Divestiture
Deal Value 23M USD

Target

senseFly

Cheseaux-sur-Lausanne, Switzerland
website
senseFly manufactures a proprietary line of eBee-branded, high-performance, fixed-wing drones for professional use. Safe, ultra-light and easy to use, these autonomous drones are utilized by thousands of customers around the world in agriculture, government, engineering and construction, among other industry verticals, to collect actionable aerial data intelligence. senseFly was formed in 2009 and is headquartered in Lausanne, Switzerland.

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Buyer(S) 1

Buyer

AgEagle

Wichita, Kansas, United States

website

Category Company
Founded 2010
Sector Information Technology
Employees121
Revenue 10M USD (2021)
DESCRIPTION

AgEagle is a provider of drone imagery data analytics for the precision and sustainable agriculture markets. AgEagle designs, produces, distributes and supports technologically-advanced small unmanned aerial vehicles (UAVs or drones) that collect valuable information for farmers by flying over large fields of corn, soybeans, wheat and other types of crops. AgEagle was incorporated in 2010 and is based in Wichita, Kansas.

DEAL STATS #
Overall 4 of 4
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 2
Country (Switzerland) 1 of 1
Year (2021) 3 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-19 Measure

Washington, District of Columbia, United States

Measure is an aerial intelligence company that builds software to automate drone operations workflows. With end-to-end program management, user-friendly flight control, and in-platform data analysis, Measure’s comprehensive software solution, Ground Control, helps businesses save thousands of hazardous man-hours and create millions of dollars in operational benefits. Measure has made significant contributions to the drone industry by marrying quality design with accessibility and improving efficiency, safety, and scalability for commercial drone operations of all shapes and sizes. Measure was founded in 2014 and is based in Washington, District of Columbia.

Buy $45M

Seller(S) 1

SELLER

Parrot

Paris, France

website

Category Company
Founded 1994
Sector Electronics
Employees521
Revenue 72M EUR (2022)
DESCRIPTION

Parrot designs, develops and markets consumer products for smartphones and tablets as well as high technology solutions in Automotive and UAV business. Parrot was founded in 1994 and is based in Paris, France.

DEAL STATS #
Overall 3 of 3
Sector (Manufacturing) 1 of 1
Type (Divestiture) 3 of 3
Country (Switzerland) 1 of 1
Year (2021) 2 of 2
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-27 MicaSense

Seattle, Washington, United States

MicaSense, Inc. is a provider of advanced drone sensor development. MicaSense’s patented, high precision thermal and multispectral sensors serve the aerial mapping and analytics needs of the agriculture market, and are well positioned to address applications in advanced inspection in the energy and insurance sectors and autonomous flight safety for package delivery, among other solutions. MicaSense was founded in 2014 and is based in Seattle, Washington.

Sell $23M
Mergr

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