Add-on Acquisition • Information Technology

Aquiline Drones Acquires ElluminAI

On September 16, 2021, Aquiline Drones acquired information technology company ElluminAI

Acquisition Context
  • This is Aquiline Drones’ 1st transaction in the Information Technology sector.
  • This is Aquiline Drones’ 1st transaction in the United States.
  • This is Aquiline Drones’ 1st transaction in Virginia.

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M&A Deal Summary

Date September 16, 2021
Target ElluminAI
Sector Information Technology
Buyer(s) Aquiline Drones
Deal Type Add-on Acquisition

Target Company

ElluminAI

Fairfax, Virginia, United States
ElluminAI is a high-tech artificial intelligence software company offering a cloud-based framework that facilitates AI-driven complex data analytics, autonomous training, and personalized performance assessment across any LMS for business, government, and defense. ElluminAI is based in Fairfax, Virginia.
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Buyer Overview 1

Buyer

Aquiline Drones

Hartford, Connecticut, United States

Category Company
Sector Technology Hardware
DESCRIPTION

Aquiline Drones is a manufacturer of unmanned aerial systems (UAS) and cloud solutions provider for commercial drone operations. Aquiline Drones offers innovative ways of using drones in commercial activities. Supported by a dedicated UAV cloud, autonomous drone operations with real-time control, and dynamic on-field decision-making capabilities, Aquiline Drones' full-spectrum of technological solutions provide increased applicability across countless industries and environments by delivering real-time data insights. Aquiline Drones is based in Hartford, Connecticut.


Deal Context for Buyer #
Overall 2 of 2
Sector: Information Technology 1 of 1
Type: Add-on Acquisition 1 of 1
State: Virginia 1 of 1
Country: United States 1 of 1
Year: 2021 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Aerialtronics

Katwijk, Netherlands

Aerialtronics is an end-to-end solution developer that utilizes drones, artificial intelligence, and IoT data to provide businesses with augmented and actionable insights that create a perfect synergy between aerial applications and everyday business operations. Aerialtronics is based in Katwijk, Netherlands.

Buy $9M