Delta Drone International has announced that it will acquire a majority stake in Arvista, a Perth-based provider of aerial and terrestrial surveying services for the mining, engineering and construction industries.
Established in 2012, Arvista was one of the first certified operators in Western Australia to provide commercial UAV surveying services to mining and other civil construction and earthworks projects.
Delta Drone will initially acquire 60% of Arvista for around $960,000 a combination of cash and scrip, with an option to acquire the remaining 40% in the future.
“Arvista is an excellent strategic fit for Delta Drone’s operations in Australia,” said Delta Drone CEO, Christopher Clark.
“The company has an excellent reputation and a blue-chip client base, serviced by an experienced and professional staff who are keen to utilise our co-ordinated services approach to grow the market opportunity.”
“Australia is the key immediate growth market for Delta Drone International,” added Delta Drone International Chairman, Eden Attias.
“To scale quickly in this market, we needed to ensure that we found a culturally aligned company with the skillset and capability to harness our broader industry-leading drone services.”
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