Strat Aero PLC, an international aerospace company increasingly focused on the unmanned aerial vehicle (UAV) sector, has completed its acquisition of Essex, U.K.-based Geocurve Ltd., which specializes in UAV-based topographical surveys and inspections.
Geocurve provides services using manned and unmanned aircraft, as well as ground- and water-based systems, to a portfolio of public- and private-sector clients. According to Strat Aero, Geocurve was one of the first companies to be authorized by the U.K.’s Civil Aviation Authority to fly UAVs in congested urban areas.
Following the completion of the acquisition, management intends to immediately embark on a full integration of Geocurve with the Strat Aero Group. This will involve Geocurve’s sharing the same reporting lines and management processes with all other business units within Strat Aero – a move expected to lower corporate costs, result in operational efficiencies and generate cross-selling opportunities, says Strat Aero.
To date, Geocurve customer contracts have tended to be short-term in nature; however, Strat Aero says it is focused on securing longer-term, annualized relationships and broadening the customer base. Strat Aero has offices in Seattle, Denver, Houston, New York City, London and Singapore.
“Combining the Geocurve experience and assets with Strat Aero’s global reach and capabilities creates a powerful platform for growth in the rapidly emerging UAV space, which is already transforming everyday business practices in a wide range of commercial sectors,” comments Iain McLure, CEO of Strat Aero PLC.
Gary Nel, co-founder of Geocurve and director of engineering and survey, adds, “We are very excited by the potential of integrating with Strat Aero. Not only can we share tools and experience, we can now offer clients a broader range of survey and inspection services across a much wider geographic footprint.”