Add-on Acquisition • Technology Hardware

Terra Drone Acquires Inkonova AB

On October 11, 2018, Terra Drone acquired technology hardware company Inkonova AB

Acquisition Context
  • This is Terra Drone’s 1st transaction in the Technology Hardware sector.
  • This is Terra Drone’s 1st transaction in Sweden.

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M&A Deal Summary

Date October 11, 2018
Target Inkonova AB
Sector Technology Hardware
Buyer(s) Terra Drone
Deal Type Add-on Acquisition

Target Company

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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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 1 of 2
Sector: Technology Hardware 1 of 1
Type: Add-on Acquisition 1 of 2
Country: Sweden 1 of 1
Year: 2018 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 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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