ARGUS International Inc. (ARGUS) has announced its intentions to acquire Unmanned Safety Institute (USI), an Orlando, Fla.-based business that provides safety training, certification and management of unmanned aircraft systems (UAS).
Founded in 1995, ARGUS, headquartered in Cincinnati, provides aviation software and business management solutions and says its mission is to provide the aviation marketplace with data and information to make informed decisions and manage risk. Founded in 2014, USI focuses on facilitating the integration and operation of UAS for civil or commercial purposes for operators, enterprises and organizations.
Because both companies are privately held, the terms of the cash transaction are not being announced. The companies anticipate the deal will be completed on or about the end of this month.
“We have been monitoring the UAS industry for several years now and recognized early on that the rate of growth in this space will demand a strong safety infrastructure,” comments Joe Moeggenberg, president and CEO of ARGUS. “We were very impressed with the experience that the USI founders brought to this business and the impact they have had in short time relative to their safety training and certification program.”
Aaron Greenwald, USI’s president, says the acquisition “will allow USI to more quickly grow [its] service offerings, geographic reach and crossover offerings to the rotary- and fixed-wing industry.”