Thursday, June 20, 2024
Market update

Drone Volt acquires Skytools from Terra Drone

The Dutch supplier of professional drone systems and associated services Skytools has been acquired by the French company Drone Volt. Drone Volt announced this in a press release. With the acquisition, Drone Volt wants to further expand its activities in Europe. Earlier, the French company acquired the Dutch drone developer Aerialtronics.

From Terra Drone to Drone Volt

The Heinenoord-based company Skytools is mainly active in the rental and sale of professional drones, including DJI Enterprise systems. The company also provides education, training and specialized services such as RT support. Skytools realizes a turnover of more than one million euros per year.

In 2020, the Japanese company Terra Drone took an interest in Skytools, after which Skytools became part of Terra Drone Europe. With the acquisition of Skytools by Drone Volt, the Japanese involvement with the company comes to an end more than a year later. The entire shareholding has been acquired by Drone Volt, which focuses on developing embedded AI systems such as the PENSAR camera and civilian drones such as those being developed by Aerialtronics.

‘Accelerate growth and profitability’

“This acquisition complements our offering in the Netherlands and Northern Europe. This gives us access to people with experience in the distribution of drones and services, and access to new customers to whom we can offer our full catalog,” said Mark Courcelle, director of Drone Volt. “With this acquisition, we are building on the success of the acquisition and integration of Aerialtronics. We are confident that we can create synergies within the group to accelerate the growth and profitability of our business.”

Drone Volt has attracted extra working capital at the end of 2021 to be able to pay for the acquisition. The shares are settled in cash. It is not clear whether the location in Heinenoord will be retained or whether Skytools will be merged with the Aerialtronics accommodation at Unmanned Valley near Katwijk.

Wiebe de Jager

Wiebe de Jager is the founder of Dronewatch (available in Dutch and English). Wiebe is an experienced drone pilot (EASA Specific category certified) and has published a number of bestselling books about drone photography and cinematography.

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