Acquisition of 100% of DRONEO’s capital
Lyon, 25 June 2015.
DELTA DRONE announced today the acquisition of 100% of DRONEO’s capital. DRONEO is a civiliandrone operator based in Tarbes (65). The company provides services throughout the Pyrenees region for large purchasers, both public and private.
The founder and CEO of DRONEO, Eric France, will continue to be in charge of the company within the Group. In parallel, he will also be the head of sales management for the hydrogeology activity of the MTSI HYDROGEOSPHERE subsidiary, an entity based in Axat (Aude).
DRONEO is currently a very important and known player in the field of civilian drones for professional use in the entire region of south-western France. Thanks to its strong regional presence, the company, which was created in mid-2014, should, by the end of 2015, for its first full financial year, generate sales revenue of approximately €100K and achieve a positive net result.
Christian Viguié, Chairman and CEO of the Group, commented on this acquisition: “Our discussions with Eric were largely facilitated by the fact that DRONEO was already well aware of MTSI’s level of expertise in data processing, as it partnered with MTSI on several large-scale assignments, including the one concerning the landslide in Gazost last spring. DRONEO’s arrival within the Group strengthens our offer in several ways: first of all, DRONEO is joining and completing the DELTA DRONE NETWORK in an area where the latter was not yet present and, second, Eric France will consolidate the sales development for our hydrology activity located in the same region, which has such strong growth potential.”
With the addition of DRONEO, DELTA DRONE NETWORK is now made up of 15 companies covering all of France, in line with the new development strategy.
About Delta Drone: The Delta Drone Group is a renowned player in the field of civilian drones for professional use. It offers a complete service, from data acquisition to data processing through a specifically developed information system, including a supply of professional pilots. These pilots are trained and certified by the Ecole Française du Drone, a subsidiary of the Group. Delta Drone is listed on the Alternext market of Euronext Paris.
ISIN code: FR0011522168.