Aerodyne Group has divested its interest in AtSite (formerly Aerodyne AtSite), Denmark by selling its stake back to AtSite’s original shareholders, Rene Merrild Holding Aps and Obling Rasmussen Holding Aps. Elaborating on the divestment, Aerodyne’s Founder and CEO, Kamarul A Muhamed, said, “Aerodyne’s aggressive global expansion strategy places it in 25 countries around the world with international partners and companies that are able to cover all industry verticals. Now, after two years, we are looking to realign our objectives moving forward to our overall strategic blueprint, and as such, a divestment was the clear path forward.”
This divestment allows Aerodyne to better focus its resources to support its rapid scale-up strategy globally across all verticals it operates in.
‘It has been an interesting two year journey and we wish Rene, Mads and the team the best of luck,“ Kamarul added. As a result of this divestment, AtSite will no longer be known as Aerodyne AtSite.
Aerodyne has made a strategic investment in FEDS Group Holdings, a drone solutions provider in the Middle East. The transaction details were not disclosed.
This investment would allow Aerodyne to leverage on FEDS’s growth trajectory and financial performance to further enhance value for its shareholders.
In the Middle East, FEDS provides premium turnkey aerial inspections of infrastructure assets in the energy utilities, geospatial survey, public infrastructure, and telecommunications sectors.
This strategic investment is part of Aerodyne’s two-year global plan, which will potentially see the completion of seven M&As within the period.
In December 2019, Aerodyne announced a similar strategic alliance with Measure UAS in America.