In less than a year, Europe-based drone group Parrot has announced the sale of two of its subsidiary companies to AgEagle Aerial Systems. The first was sensor specialist MicaSense. And now, fixed-wing drone maker senseFly is going to exit from Parrot’s portfolio.
AgEagle has signed a definitive agreement to acquire senseFly from Parrot in a cash and stock deal valued at $23 million. Incidentally, Parrot sold MicaSense to AgEagle in January 2021 for the exact same amount.
Founded in 2009, senseFly is best known for manufacturing the eBee line of fixed-wing drones for professional use. The company, which is headquartered in Switzerland, employs around 90 people. In 2020, senseFly generated total annual revenues of approximately $12.5 million.
AgEagle CEO Brandon Torres Declet sees senseFly as a strategic fit for his company. He says:
[This acquisition] is expected to accelerate our core growth strategy centered on delivering proprietary, full stack drone…