AE Industrial Partners acquires UAV Factory
On January 28, Boca Raton, FL-based AE Industrial Partners, LP (“AEI”) announced that it has acquired UAV Factory, a global leader in the tactical Unmanned Aerial Vehicle (UAV) and Intelligence, Surveillance, Reconnaissance (ISR) technology markets. UAV Factory will be a new standalone unmanned technology platform for AEI, as the firm looks to further invest in this fast growing market. Terms of the transaction were not disclosed.
Founded in 2009, UAV Factory is a global leader in tactical UAV design and manufacturing, having delivered more than 300 aircraft to defense, intelligence, and commercial customers in more than 55 countries. The Company has a unique vertical integration strategy, whereby it designs and produces airframes, engines, stabilized EO/IR ISR payloads and related components in-house for the unmanned and manned aircraft industry. UAV Factory’s Penguin C series UAV, which reliably delivers an industry-leading 20 hours of flight time, as well as its proprietary Octopus ISR gyro-stabilized sensors, are widely used by customers globally for a variety of critical ISR missions. UAV Factory is based in Riga, Latvia, with a second location in Bend, Oregon.
“UAV Factory’s engineering and technical capabilities, combined with its proven and growing set of technology solutions, are truly differentiated in the market,” said Jeffrey Hart, principal at AEI. “We are excited to partner with the talented UAV Factory team and are confident that our collective strategic vision for an unmanned technology platform will yield powerful results in this fast-growing market.”
“The UAV market is growing exponentially, and with the financial and operational support of AEI, UAV Factory is poised for increased growth and market share,” said Konstantin Popiks, co-founder of UAV Factory, who will remain with the Company in a senior leadership role. “By working closely with the AEI team, we plan to expand our technologies to provide our customers with the best-in-class, end-to-end solutions they need to make critical decisions.”
“UAV Factory is at the forefront of the burgeoning global UAV market,” said Kirk Konert, partner at AEI. “Its first mover advantage and unique vertical integration of its proprietary technology solutions well-positions the Company to expand its share of this high growth market.”