M&A Deal Summary

Terra Drone Acquires Aloft

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2024-03-19
Target Aloft
Sector Aerospace
Buyer(s) Terra Drone
Deal Type Add-on Acquisition

Target

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(S) 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 STATS #
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.

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