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DealStreetAsia

Malaysia's Aerodyne takes stake in Australian drone inspector

Wide-ranging startup banks on Sensorem for boost in mining and other sectors

Sensorem caters mostly to government, construction, utility companies and research and development agencies. (Photo courtesy of Aerodyne)

KUALA LUMPUR -- Malaysia-based drone startup Aerodyne Group has signed an agreement to acquire a principal stake in Australia-based drone surveyor Sensorem.

This investment is expected to boost Sensorem, Aerodyne and clients spanning the Australian minerals, energy, industrial and agricultural sectors, Aerodyne said in a statement on Monday.

Sensorem's management team, headed by managing director Ed Boxall, will continue to lead the company and remain as shareholders in the business.

Headquartered in Perth, Sensorem is a remote-sensing specialist, offering asset inspection and aerial surveying services that use drone and sensor technology.

Sensorem caters mostly to government, construction, utility companies and research and development agencies, but focuses on the mining and agriculture sectors.

The company will provide Aerodyne Group's smart drone services and data analytics technologies to businesses in Australia. This includes the company's branded Vertikaliti service -- an artificial intelligence-based asset management offering.

Sensorem Managing Director Ed Boxall said, "The next phase of Sensorem's journey will no doubt benefit from this partnership with the global leader in the field of drone-based enterprise solutions."

Aerodyne has a presence in 25 countries across the Asia Pacific, the Middle East, Americas and Europe. It has managed over 300,000 infrastructure assets via 110,000 flight operations and has surveyed over 100,000 km of power infrastructure around the world.

In April, Aerodyne announced that it had acquired a controlling stake in Middle Eastern drone player FEDS Group Holdings. In February, Aerodyne announced that it held a successful Series B funding backed by North Summit Capital, Arc Ventures and Leave a Nest.

For the original story from DealStreetAsia, click here.

DealStreetAsia is a financial news site based in Singapore that focuses on private equity, venture capital and corporate investment activity in Asia, especially Southeast Asia, India and greater China. Nikkei owns a majority stake in the company.

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