Aerodyne Group, an industry leading drone specialist, has bought a 60% controlling stake in Atsite for €2.2m (£2m) which will give Aerodyne a leg up in the growing wind energy market.
Based in Denmark, Atsite is a forerunner in wind turbine blade inspections for the wind turbine generation industry throughout Europe. Over the last year AtSite technicians have completed more than 1,000 blade inspections on both offshore and onshore wind turbines.
With this deal, Aerodyne can expect an additional €20m (£18.5m) in revenue over the next three years.
Aerodyne is currently ranked 7th in a worldwide survey done by Drone Industry Insights, a market research and analytics company based in Germany. It provides insights and market data for the commercial drone industry.
“The synergy that AtSite and Aerodyne can reap from this collaboration will give us the competitive edge and long term sustainability,” said Mads Obling Rasmussen, AtSite’s CEO.
“There are many interesting developments in the pipeline and we look forward to sharing them.”
Aerodyne CEO and founder, Kamarul A Muhamed, added: “This acquisition is our ticket to the European and global wind turbine inspection market. Through our stake in AtSite, Aerodyne can tap into the growing wind energy market as more countries explore renewable energy.
“AtSite is one of Europe’s leading wind turbine generation blade experts. Aerodyne specialises in drone, automation and artificial intelligence. This is a marriage which will bring about multiple benefits to both parties.”