Terra Drone acquires stake in aerospace solutions provider

terradronec-astral

Terra Drone has acquired a stake in Slovenia-based C-Astral Aerospace, a company which specialises in the manufacturing and services of fixed-wing UAS.

The firm’s specific focus is on high-productivity and high-endurance surveying, security, and remote sensing.

Explaining the reason behind the investment, Toru Tokushige, CEO of Terra Drone, said: “As a global company looking to expand our portfolio, we have had discussions with many drone developers. But, we were especially impressed with the advanced technology, mission flexibility, and the full spectrum of solutions offered by C-Astral.”

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He added: “I am sure C-Astral’s UAS will be coveted by various markets all over the world and Terra Drone’s global network will help them rapidly increase their sales volume.”

Nejc Trost, co-founder of C-Astral Aerospace said he is looking forward to what the move will mean for his firm.

He explains: “Over the past 11 years, C-Astral has successfully focused on the technological development of advanced long-endurance electric small unmanned aerial systems. Now, we are looking forward to collaborating within the Terra Group to strengthen our global sales and support network.

“We are also excited about the synergistic effects of systems utilization from within the group to further our R&D and adapt to the most demanding market opportunities.”

Tags : AcquisitionTerra Drone
Alex Douglas

The author Alex Douglas

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