Volatus to Acquire Empire Drones, Expand in U.S. Market
Volatus Aerospace Acquires Empire Drone Company LLC. by DRONELIFE Staff Writer Ian M. Crosby Volatus is on a major growth and acquisition run. This week, Volatus Aerospace announced its signing of an arm’s length definitive agreement to acquire unmanned aerial systems company Empire Drone . Continue reading below, or listen: With the commercial drone market projected by Fortune Business Insights to reach $47.38 billion by 2029 at a CAGR of 28.58%, Volatus’s acquisition of Empire Drone in the US positions it to capitalize on the market’s growth through its increasing global presence in the green drone technologies space, including EOLO Drones S.A.C. joint venture Volatus Aerospace LATAM in South America, Omniview Tech in Canada, and the recently acquired iRed Remote Sensing in the UK. “Volatus is already a major distributor and developer of civil and defence drone solutions in Canada,” said Volatus CEO Glen Lynch. “The addition of Empire Drone solidifies our footprint i...