Terra Drone has bought a major stake in C4D Intel, a leading Australian industry innovator.
This is the latest in a stream of investments from the Japanese drone giant, which made its move into the European market last month.
C4D Intel has experience in mining, oil and gas and infrastructure, something Terra Drone hopes to access and use its existing clientele to capitalise on.
C4D Intel’s managing director, Alistair Scott-Farris, commented on the move, he said: “This investment presents an opportunity for us to leverage Terra Drone’s expansive international network, technology and experience to propel our growth both within Australia and internationally, particularly in South-East Asia.”
He added: “We are excited to be partnering with Terra Drone and look forward to expanding our capabilities and service offering with the support of the larger Terra Drone group. Our customers will benefit greatly from the access to innovative new technologies that this transaction will enable”.
Following the acquisition, Terra Drone has said its hopes the decision will demonstrate the company’s commitment to the Australian market.
Terra Drone CEO, Toru Tokushige, said: “There is a strong interest in using technology to revolutionise the way business is done in Australia. This investment is a strategic move to advance our global footprint, by providing Australian companies access to innovative technology and services that improve safety, productivity and return on investment”.
The companies will now begin work on offering UAV-based LiDAR data acquisition to Australian customers to complement the photogrammetry services it already provides.
As part of the deal, C4D Intel is expected to change its name to Terra Drone Australia in Q1 2019.
Read more on Terra Drone’s move into Europe here: