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  5. Hangar Technology Acquires Auto Flight Logic

M&A Deal Summary

Hangar Technology Acquires Auto Flight Logic

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

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

M&A Deal Summary
Date 2016-11-15
Target Auto Flight Logic
Sector Software
Buyer(s) Hangar Technology
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
Overall 1 of 1
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
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