Malaysia-headquartered drone solutions provider Aerodyne Group has signed an agreement to acquire a principal stake in Australia-based drone surveying and advanced asset inspection company Sensorem.
This investment is expected to generate meaningful upside for Sensorem, Aerodyne, and clients spanning the Australian minerals, energy, industrial and agricultural sectors, Aerodyne said in a statement on Monday.
Sensorem’s management team, led by managing director Ed Boxall, will continue to lead the company and remain as shareholders in the business.
Headquartered in Perth, Sensorem is a remote-sensing specialist, offering asset inspection and aerial surveying services that use drone and sensor technology.
Sensorem caters to multiple sectors including government and local authorities, construction, utility companies, research and development agencies, as well as a specific focus on mining and agriculture sectors.
Sensorem will provide Aerodyne Group’s smart drone solutions and innovative data analytics technologies to businesses across industries in Australia. This includes the DT3 company’s AI-powered, end-to-end cloud-based asset management solution “vertikaliti.”
On the development, Sensorem managing director Ed Boxall said, “The next phase of Sensorem’s journey will no doubt benefit from this partnership with the global leader in the field of drone-based enterprise solutions.”
Aerodyne has a presence in 25 countries across the Asia Pacific, the Middle East, Americas and Europe. It has managed over 300,000 infrastructure assets with 110,000 flight operations and surveyed in excess of 100,000 km of power infrastructure globally.
In April, Aerodyne announced that it had acquired a controlling stake in Middle Eastern drone player FEDS Group Holdings. In February, Aerodyne announced that it has raised an additional undisclosed amount in its Series B funding round backed by North Summit Capital, Arc Ventures, and Leave a Nest.