Red Cat to sell consumer drone units Rotor Riot and Fat Shark
Diversified aerial tech group Red Cat Holdings is moving to tighten its range of activities with the announcement it will sell its two consumer drone divisions, Rotor Riot and Fat Shark, to focus on the military and security activities of its surging Teal unit.
Puerto Rico-based Red Cat said it will divest from the two divisions geared entirely for consumer drone markets in a cash and equity transaction with Unusual Machines Inc. That deal will shift Rotor Riot’s UAV development and manufacturing business – producing craft ranging from custom racing drones to ready-to-fly starter models – and Fat Shark’s FPV goggles operation out of Red Cat’s holding stable.
With those consumer drone assets no longer part of its organizational structure, Red Cat says it will concentrate on building the momentum it has attained with the military and security clients of its specialized Teal Drones division.
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