Kerman & Co LLP advises Strat Aero on its acquisition of Geocurve
September 30, 2015
Kerman & Co’s M&A team advised Strat Aero PLC on its agreement to acquire unmanned aerial vehicle company Geocurve Holdings Ltd, in cash and shares.
Geocurve is a privately owned company, which specialises in the provision of UAV operated topographical surveys and inspection services to a blue chip customer base, including the Environment Agency, EDF Energy, Carillion, and the RSPB.
The deal supports Strat Aero’s strategy to build a vertically-integrated UAV product offering, covering all aspects of the value chain, including software, hardware and services. Strat Aero Chief Executive Tony Dunleavy commented “Geocurve is the first of a series of acquisitions the new management team has been evaluating, all of which have the potential to fast track Strat Aero’s transformation into the first fully integrated global solutions provider focused on the rapidly growing UAV market”.
Partners Yvonne Costello and Una Deretic advised Strat Aero on all legal aspects of the acquisition.