AgEagle Aerial : to Acquire senseFly from Parrot – Form 8-K

AgEagle to Acquire senseFly from Parrot

U.S. Company to Offer Full Stack Fixed Wing Drone Solutions

WICHITA, Kansas and PARIS, France and LAUSANNE, Switzerland, October 18, 2021 – AgEagle Aerial Systems Inc. (NYSE American: UAVS) (“AgEagle” or the “Company”), an industry-leading provider of drones, sensors and software, and Parrot (Euronext Paris: PARRO), a leading European drone group, today jointly announced that they have signed a definitive agreement under which AgEagle shall acquire senseFly, a Parrot Group wholly-owned subsidiary, in a cash and stock transaction valued at US$23 million.

Founded in 2009, senseFly develops and produces a proprietary line of eBee-branded, high performance, fixed wing drones for professional use. Safe, ultra-light and easy to use, these autonomous drones are utilized by thousands of customers around the world in agriculture, government, engineering and construction, among other industry…