Add-on Acquisition • Aerospace

Terra Drone Acquires Aloft

On March 19, 2024, Terra Drone acquired aerospace company Aloft

Acquisition Context

This is Terra Drone’s 1st transaction in the Aerospace sector.
This is Terra Drone’s 1st transaction in the United States.
This is Terra Drone’s 1st transaction in Maryland.

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M&A Deal Summary
Date	March 19, 2024
Target	Aloft
Sector	Aerospace
Buyer(s)	Terra Drone
Deal Type	Add-on Acquisition

Target Company

Aloft

Silver Spring, Maryland, United States

Aloft is a drone fleet and airspace company focused on developing UTM in the United States. The company is a supplier of Federal Aviation Administration ("FAA") certified UAS services, powering over 84% of all airspace authorizations as of October 2022. It also provides a cloud-based drone fleet management system that enables centralized management of aircraft and pilot information. The solution supports complete drone operations, efficiently managing workflows from pre-flight to post-flight, and achieving automation and compliance. Other key features of the solution include aircraft and asset management, real-time live video sharing, and two-way voice communication. Aloft was formed in 2015 and is based in Silver Spring, Maryland.

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Buyer Overview 1

Buyer

Terra Drone

Tokyo, Japan

Category	Company
Sector	Technology Hardware

DESCRIPTION

Terra Drone Corp. is a commercial drone technology company and has 10 subsidiaries in Japan, APAC, EU, Africa, North America, and South America. Terra Drone mainly focuses on Mining, Construction, Energy Utility, and Oil&Gas applications.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Aerospace	1 of 1
Type: Add-on Acquisition	2 of 2
State: Maryland	1 of 1
Country: United States	1 of 1
Year: 2024	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2018-10-11	Inkonova AB Stockholm, Sweden Inkonova AB is an areial robotics company serving the underground mining sector. Its products include aerial platforms, and aerial autonomous navigation/mapping solutions that are customized to the constraints of underground mines, and subterranean or constricted industrial spaces.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2018-10-11

Inkonova AB

Stockholm, Sweden

Inkonova AB is an areial robotics company serving the underground mining sector. Its products include aerial platforms, and aerial autonomous navigation/mapping solutions that are customized to the constraints of underground mines, and subterranean or constricted industrial spaces.

Buy

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