M&A Deal Summary

Red Cat Holdings Acquires Teal Drones

On July 13, 2021, Red Cat Holdings acquired aerospace company Teal Drones

Acquisition Highlights
  • This is Red Cat Holdings’ 1st transaction in the Aerospace sector.
  • This is Red Cat Holdings’ 3rd transaction in the United States.
  • This is Red Cat Holdings’ 1st transaction in Utah.

M&A Deal Summary
Date 2021-07-13
Target Teal Drones
Sector Aerospace
Buyer(s) Red Cat Holdings
Deal Type Add-on Acquisition

Target

Teal Drones

Holladay, Utah, United States
website
Teal Drones is a drone manufacturer, that provides superior aerial surveillance and awareness for inspections and short-range reconnaissance. Teal Drones was founded in 2014 and is based in Holladay, Utah.

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Buyer(S) 1

Buyer

Red Cat Holdings

San Juan, Puerto Rico

website

Category Company
Sector Software
Employees70
Revenue 6M USD (2022)
DESCRIPTION

Red Cat Holdings is a provider of secure blockchain-based distributed storage, analytics, and SaaS for the drone industry. Red Cat Holdings is based in San Juan, Puerto Rico.

DEAL STATS #
Overall 4 of 4
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Utah) 1 of 1
Country (United States) 3 of 3
Year (2021) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 LuGus Studios

Hasselt, Belgium

LuGus Studios is a developer of Liftoff, a flight simulation platform for drone pilot training. Liftoff enables student pilots to test and learn how to fly drones in a simulated environment without the cost and risk of flying a real drone. LuGus Studios creates clever and attractive serious games that broaden the medium's horizon. Since 2015 LuGus Studios has been developing Liftoff: FPV Drone Racing, a market-leading drone simulator that has also seen a console release. The Liftoff brand is currently being expanded into a series of dedicated drone simulations for both entertainment and industry applications. LuGus Studios was founded in 2011 and is based in Hasselt, Belgium.

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