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
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
Category Company
Sector Software
Employees70
Revenue 10M USD (2023)
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 5
Sector (Aerospace) 1 of 2
Type (Add-on Acquisition) 4 of 5
State (Utah) 1 of 1
Country (United States) 3 of 4
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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 FlightWave

Santa Monica, California, United States

FlightWave is a manufacturer of dual-use VTOL drones, sensors and software solution. FlightWave designs and manufactures the Edge 130 VTOL drone and payload cameras for the commercial, defense, security, and intelligence markets. The fully- autonomous Edge 130 sUAS has the best flight endurance in its class with AI edge compute capabilities, provides superior aerial data capture to both the commercial and defense markets. FlightWave was formed in 2014 and is headquartered in Santa Monica, California.

Buy -
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