Aerodyne Group, a Malaysian provider of drone-based solutions, on Thursday announced a strategic investment in FEDS Group Holdings, a drone player in the Middle East.
No financial details were disclosed but this investment would allow Aerodyne to build on FEDS’ growth trajectory and financial performance, according to an official statement. FEDS will also provide Aerodyne with a strong foothold for its expansion into the Middle East, Aerodyne’s founder and group CEO Kamarul A Muhamed explained.
Meanwhile, FEDS will be able to leverage Aerodyne’s technology to offer deeper disruptive solutions to its home market. FEDS has conducted thousands of commercial operations for some of the biggest companies in the Middle East.
FEDS will continue to provide aerial inspections of infrastructure assets to energy utilities, geospatial surveyors, as well as the public infrastructure, and telecommunication sector. As part of this partnership, FEDS CEO Rabih Bou Rached will join Aerodyne’s global leadership team.
This strategic investment is part of Aerodyne’s two-year global plan with potentially seven acquisitions during that period. In December 2019, Aerodyne announced a similar strategic alliance with Measure UAS in the United States. In February of this year, Aerodyne raised funds to push its expansion to China, India, and Japan.
Founded in 2014, Aerodyne operates in the unmanned aerial vehicle services sector, using AI for large-scale data capture and analytics. The company has completed over 78,500 flight operations in 25 countries, inspected more than 285,500 assets, and surveyed at least 75,000 km of power infrastructure.