Aerodyne group makes strategic investment in middle east’s top drone player

MALAYSIAN tech company Aerodyne Group yesterday announced a strategic investment in FEDS Group Holdings Ltd (FEDS), the leading drone player in the Middle East.

Founder and group chief executive officer (CEO) Kamarul A Muhamed said FEDS provides Aerodyne a strong foothold to accelerate its 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,” he said in a statement..

FEDS will continue to provide premium turnkey aerial inspections of infrastructure assets in the energy utilities, geospatial survey, public infrastructure and telecommunications sectors.

“By combining smart drones and AI, advanced analytics and solution approach to enterprise digitalisation, our solutions will give clients significant performance improvements and cost optimisation,” added Kamarul.

FEDS founder and CEO Rabih Bou Rached in the same statement said the partnership will add significant value to FEDS, its clients and to Aerodyne Group. 

“We look forward to continuously create value and expand the frontier in the drone services space together with Aerodyne,” he said.

This strategic investment is part of Aerodyne’s aggressive two-year global plan which will potentially see the completion of seven mergers and acquisitions (M&As) within the period. In December 2019, Aerodyne announced a similar strategic alliance with US aerial intelligence firm Measure UAS.

Commenting on the announcement, Malaysia Digital Economy Corporation (MDEC) CEO Surina Shukri said the strategic investment clearly demonstrates the leadership position that Aerodyne, a member of MDEC Global Growth Acceleration’s GAIN Programme, has established globally in drone technology. 

“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,” added Surina.- April 9, 2020, Bernama

 

 

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