AgEagle acquires Measure: the End to End Drone Solution
KS-based drone company AgEagle has acquired Measure, provider of Ground Control drone operations software.
The combination cash and stock transaction for Measure, valued at $45 million, is the latest move in publicly-traded AgEagle Aerial Systems (NYSE American: UAVS) efforts to “become the company of choice for end-to-end drone solutions,” says a company release.
AgEagle was founded in 2010 as a services provider to the agriculture industry. Measure was founded in 2014 as a drone services provider with a franchise model. Both companies have evolved with the drone industry: AgEagle now offers drone manufacturing and development services, drone delivery services, and software and services for the agriculture sector, including a specialty offering for hemp farmers. AgEagle acquired multispectral sensor company MicaSense in January of this year, bringing them into the sensor space.
Measure’s inspection services business was acquired by AeroDyne in 2019: since then, the…