Add-on Acquisition • Software

Hangar Technology Acquires Auto Flight Logic

On November 15, 2016, Hangar Technology acquired software company Auto Flight Logic

Acquisition Context

This is Hangar Technology’s 1st transaction in the Software sector.
This is Hangar Technology’s 1st transaction in the United States.

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M&A Deal Summary
Date	November 15, 2016
Target	Auto Flight Logic
Sector	Software
Buyer(s)	Hangar Technology
Deal Type	Add-on Acquisition

Target Company

Auto Flight Logic

United States

Auto Flight Logic LLC is a provider of 3rd party flight automation software for DJI drones. Autoflight Logic boasts over 150k autonomous flights in over 190 countries flown using its ground control software.

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Buyer Overview 1

Buyer

Hangar Technology

Lakeway, Texas, United States

Category	Company
Founded	2016
Sector	Software

DESCRIPTION

Hangar Technology, Inc. is a developer and provider of drone flight software for construction, commercial and residential real estate companies. Hangar Technology was founded in 2016 and is based in Lakeway, Texas.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Software	1 of 1
Type: Add-on Acquisition	1 of 1
Country: United States	1 of 1
Year: 2016	1 of 1

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