Delair-Tech Acquires Trimble's (TRMB) Gatewing UAS Unit
- Wall St. drops on bleak GE outlook; Microsoft blunts losses
- British American Tobacco Offers to Acquire Remaining Shares of Reynolds American (RAI) for $56.50/Share
- General Electric (GE) Tops Q3 EPS by 2c; Updates FY16 EPS Outlook
- Pre-Open Stock Movers 10/21: (ALKS) (RAI) (PFPT) (MSFT) Higher; (SGY) (TWLO) (RRGB) Lower (more...)
- Oil on track for first weekly loss in five weeks on strong dollar
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.
Trimble (NASDAQ: TRMB) announced that Delair-Tech has acquired its Belgium-based Gatewing Unmanned Aircraft System (UAS) engineering and manufacturing business. Delair-Tech is a leading provider of long-range, fixed-wing UAS solutions for industrial inspection and asset management applications headquartered in Toulouse, France. Delair-Tech intends to grow the acquired business as part of its portfolio. Financial terms were not disclosed.
"This transaction is part of our continuing program to tighten our corporate focus," said Ron Bisio, vice president of Trimble's Geospatial Division. "Trimble will remain actively engaged in the market by leveraging its brand-agnostic software technology for a broader range of UAS platforms."
Gatewing has been reported as part of Trimble's Engineering and Construction segment. The divestiture will not have a material impact on either overall or segment financial results.
Strategic Alliances Expand UAS Options
In addition, Trimble has entered into strategic alliances with Delair-Tech and Microdrones of Siegen, Germany. Microdrones is a leading provider of multirotor UAS solutions. Under the agreements, Delair-Tech and Microdrones will become preferred providers of both fixed-wing and multirotor UAS solutions, with Trimble providing software, data processing and deliverables to UAS operators across multiple vertical markets.
"Trimble chose to partner with Delair-Tech and Microdrones to strengthen our UAS portfolio," said Bisio. "Working together, Delair-Tech and Microdrones will deliver industry-leading UAS platforms and Trimble will focus on core software technology for UAS that integrates positioning, remote sensing and photogrammetry. The end goal is to deliver a complete solution to transform work processes and efficiency for our customers."
"We are proud that Trimble selected us to be their fixed-wing UAS solution provider. With the addition of Gatewing to our portfolio, we can provide one of the most innovative and extensive portfolios of long-range, fixed-wing commercial UAS solutions to support Trimble and its distributors," said Michael Delagarde, CEO of Delair-Tech. "The portfolio will continue to provide dedicated end-to-end solutions, from hardware to fully processed aerial data, which can then be turned into actionable business intelligence."
"Microdrones complement the Delair-Tech fixed-wing lineup with one of the most resilient and stable Vertical Take-off and Landing (VTOL) aircraft on the market today. This provides a complete product line of tightly integrated solutions for mapping," said Microdrone's president, Vivien Heriard Dubreuil. "We're excited to support Trimble distributors to enable a one-stop shop for UAS mapping solutions and to enable their global customers to produce exceptional results on every job."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Altra Industrial Motion (AIMC) to Acquire GKN's Stromag
- Eaton Vance (EV) to Acquire Ameritas Holding's Calvert Investment Management
- Alere (ALR) Receives Shareholder Support for Proposed Abbott (ABT) Merger
Create E-mail Alert Related CategoriesCorporate News, Management Comments, Mergers and Acquisitions, Spinoffs
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!