M&A Deal Summary

DroneUp Acquires AeroVista Innovations

On April 2, 2020, DroneUp acquired aerospace company AeroVista Innovations

Acquisition Highlights
  • This is DroneUp’s 1st transaction in the Aerospace sector.
  • This is DroneUp’s 1st transaction in the United States.
  • This is DroneUp’s 1st transaction in Illinois.

M&A Deal Summary
Date 2020-04-02
Target AeroVista Innovations
Sector Aerospace
Buyer(s) DroneUp
Deal Type Add-on Acquisition

Target

AeroVista Innovations

Glenview, Illinois, United States
AeroVista Innovations LLC provides training, in-house drone program implementation, and FAA regulatory compliance consultation that aid public agencies and corporations in their drone training, consulting, and sourcing projects. Its collaboration with UAS industry leaders provides a market-leading proposition and ensures complete drone solution programs that minimize risk and maximize safety and results. AeroVista Innovations was founded in 2016 and is based in Glenview, Illinois.

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Buyer(S) 1

Buyer

DroneUp

Virginia Beach, Virginia, United States
Category Company
Founded 2016
Sector Aerospace
DESCRIPTION

DroneUp is an end-to-end aerial data collection services provider to commercial organizations and public sector entities; leveraging our patent-pending platform, Mission Match™? in both iTunes & Google Play app stores. Through Mission Match, DroneUp locates, qualifies and deploys drone pilots to client requirements delivering on-demand drone services in-app alongside 24/7 manned, mission oversite. DroneUp was formed in 2016 and is based in Virginia Beach, Virginia.

DEAL STATS #
Overall 1 of 3
Sector (Aerospace) 1 of 2
Type (Add-on Acquisition) 1 of 3
State (Illinois) 1 of 1
Country (United States) 1 of 3
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-16 Web Teks

Chesapeake, Virginia, United States

Web Teks is a small, home-based web design firm. Web Teks helps mid-market businesses around the world with their most pressing software development needs. Web Teks was founded in 1999 and is based in Chesapeake, Virginia.

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