Toronto-based Deveron UAS Corp., a drone data services company operating in the U.S. and Canada, has signed a definitive agreement to acquire all the issued and outstanding shares of Veritas Farm Management Inc.
According to Deveron, the combination of the entities will create a data analytics company providing North American farmers with data-driven insights, as well as access to Deveron’s drone data network. The acquisition is expected to close in the third quarter.
“Data, analytics and insights have always been the driving factors of our vision in building Deveron as a leading drone data company in North America,” comments Deveron’s president and CEO, David MacMillan. “Veritas has built an insights business deeply rooted in understanding the needs of farmers and what can be implemented on the farm today. We look forward to growing our mutual customer base by providing complementary product offerings that are all rooted in increasing yields and reducing costs.”