M&A Deal Summary

SmartDrone Acquires Skytec - Drone Operations

On December 3, 2024, SmartDrone acquired electronics company Skytec - Drone Operations from Skytec

Acquisition Highlights
  • This is SmartDrone’s 1st transaction in the Electronics sector.
  • This is SmartDrone’s 1st transaction in the United States.
  • This is SmartDrone’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2024-12-03
Target Skytec - Drone Operations
Sector Electronics
Buyer(s) SmartDrone
Sellers(s) Skytec
Deal Type Divestiture

Target

Skytec - Drone Operations

Chattanooga, Tennessee, United States
Skytec's Drone Operations provide drone operations.

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Buyer(S) 1

Buyer

SmartDrone

Tyler, Texas, United States
Category Company
Founded 2020
Sector Aerospace
DESCRIPTION

SmartDrone designs, engineers, and manufactures LiDAR and imaging drones and provides nationwide Professional Services. SmartDrone was founded in 2020 and is based in Tyler, Texas,

DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Skytec

Chattanooga, Tennessee, United States
Category Company
Founded 2015
Sector Business Services
DESCRIPTION

Skytec is a provider of remote sensing and GIS technology. Skytec uses a combination of satellite imagery, drone technology, and GIS expertise to deliver scalable, high-impact data solutions for sustainable resource management and informed decision-making. Skytec was founded in 2015 and is based in Chattanooga, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Electronics) 1 of 1
Type (Divestiture) 1 of 1
State (Tennessee) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
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