Aerodyne Group makes strategic investment in largest drone solutions company in Middle East
By Digital News Asia April 8, 2020
- Investment allows FEDS Group to further strengthen position in Middle East
- Investment part of 2-year global plan with potentially 7 M&As within the period
Aerodyne Group, a world-leading provider of drone-based asset management solutions, today announced a strategic investment in FEDS Group Holdings Ltd (FEDS), the leading drone player in the Middle East.
This investment will allow Aerodyne to leverage on FEDS' strong growth trajectory and financial performance to further enhance value for its shareholders.
FEDS brings the expertise of one of the top leaders in the global drone services industry into the Aerodyne family having conducted thousands of commercial operations for some of the biggest companies in the Middle East, while Aerodyne itself is already a global leader with more than 300,000 infrastructure assets inspected and managed across 25 countries. Both companies are ranked among the top 20 drone service providers by Drone Industry Insights, a leading source for independent drone market intelligence.
Kamarul Muhamed, Aerodyne founder and Group CEO, says, “We are proud to welcome FEDS into the Aerodyne family. FEDS provides Aerodyne a strong foothold to accelerate our expansion into the Middle East. By combining our expertise and FEDS local content, we have created a platform which is primed to be the market leader in the region and will supercharge our next phase of growth.”
FEDS will continue to provide premium turnkey aerial inspections of infrastructure assets in the energy utilities, geospatial survey, public infrastructure and telecommunications sectors. Leveraging on Aerodyne’s DT^3 technology (Drone Technology, Data Technology & Digital Transformation) will enable FEDS to offer deeper disruptive solutions to the Middle Eastern market. By combining smart drones and AI, advanced analytics and solution approach to enterprise digitalisation, our solutions will give clients significant performance improvement and cost optimisation.”
FEDS founder and CEO, Rabih Bou Rached said, “I am very excited with this strategic alliance and have no doubt that this partnership will add significant value to FEDS, our clients and to Aerodyne Group. We look forward to continuously create value and expand the frontier in the drone services space together with Aerodyne.”
This strategic investment is part of Aerodyne’s aggressive two-year global plan which will potentially see the completion of seven M&As within the period. In December 2019, Aerodyne announced a similar strategic alliance with Measure UAS in the United States.
Rabih also joins Aerodyne’s global leadership team, bringing with him 8 years of invaluable experience and expertise in drone services sectors across multiple verticals.
Commenting on the announcement, Surina Shukri, Malaysia Digital Economy Corporation’s (MDEC) CEO, says, "I congratulate Aerodyne, a member of MDEC Global Growth Acceleration’s GAIN Programme, on this strategic investment that clearly demonstrates the leadership position it has established globally in DroneTech. I am also proud of Aerodyne's success as it has catalysed a wider adoption of dronetech as a key enabler of digital transformation across sectors in Malaysia”