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- Strategic investment allows FEDS to further strengthen its position in Middle East with DT^3 (Drone Technology, Data Technology and Digital Transformation) technology from Aerodyne
- FEDS to contribute significantly to Aerodyne’s global vision in geospatial and GRID management solutions
Dubai – Falcon Eye Drones Services (FEDS) Group Holdings, Middle East’s leading and one of the world’s top Drone-as-a-Service (DaaS) company, has received a major strategic investment from Aerodyne Group, a world-leading provider of drone-based asset management solutions.
Aerodyne Group’s investment in the Middle East’s largest drone solutions company marks the first of its kind deal in the region. Proud to be UAE home-grown, FEDS was established in 2014, and in a short period has become the only company from the Middle East to be named as one of the top drone service providers in the world.
FEDS has conducted thousands of commercial operations for some of the biggest companies in the Middle East, while Aerodyne itself is already a global leader with more than 300,000 infrastructure assets inspected and managed across 25 countries. Both companies are ranked among the top 20 drone service providers by Drone Industry Insights, a leading source for independent drone market intelligence.
The investment of Aerodyne, the world’s leading drone service provider, in FEDS is part of the Group’s aggressive two-year global plan which will potentially see the completion of seven M&As within the period. In December 2019, Aerodyne announced a similar strategic alliance with Measure UAS in America. Discussions between Aerodyne and FEDS started in the second half of 2019.
The strategic investment will allow FEDS to further strengthen its position in the Middle East with DT^3 (Drone Technology, Data Technology, and Digital Transformation) technology from Aerodyne.
This investment, on the other hand, would allow Aerodyne Group to leverage FEDS' strong growth trajectory and financial performance to further enhance value for its shareholders. FEDS will also contribute significantly to Aerodyne’s global vision in geospatial and GRID management solutions.
Aerodyne founder and Group CEO, Kamarul A Muhamed said: “We are proud to welcome FEDS into the Aerodyne family. FEDS provides Aerodyne a strong foothold to accelerate our expansion into the Middle East. By combining our expertise and FEDS local content, we have created a platform that is primed to be the market leader in the region and will supercharge our next phase of growth.”
FEDS founder and CEO, Rabih Bou Rashid said: “I am very excited with this strategic alliance and have no doubt that it will add significant value to FEDS, our clients and Aerodyne Group. This partnership will solidify us now, at the group level, as an undisputed global number one Drone powered solutions providers. FEDS was already at the forefront of the technology and we were providing the best in class services, but Aerodyne will even take us a step further, an amazing change for us and a great news for the local market. We look forward to continuously create value and expand the frontier in the drone services space together with Aerodyne.”
Rabih Bou Rashid also joins the Aerodyne Group’s global leadership team, bringing with him eight years of invaluable experience and expertise in drone services sectors across multiple verticals.
FEDS will continue to provide premium turnkey aerial inspections of infrastructure assets in the energy utilities, geospatial survey, public infrastructure, and telecommunications sectors. Leveraging on Aerodyne’s DT^3 technology will enable FEDS to offer deeper disruptive solutions to the Middle Eastern market. By combining smart drones and AI, advanced analytics and solution approach to enterprise digitalisation, these solutions will give FEDS’ clients significant performance improvement and cost optimisation.
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About FEDS:
FEDS is the first and leading Drone-As-A-Service (DaaS) company in the Middle East and amongst the top 10 drone services companies in the world in the mapping, surveying and inspection services.
Proud to be UAE home-grown, FEDS was established in 2014, and in a short period has become the only company from the Middle East to be named as one of the top drone service providers in the world.
The company has acquired a global ranking of #7 in the ‘top drone service provider- mapping, surveying and inspection category’, and #12 in the ‘top drone service provider worldwide,’ as per the Drone Service Provider Ranking Report 2019 by Drone Industry Insights.
FEDS has pioneered Unmanned Aerial Systems (UAS) commonly referred to as ‘drones’ in the region, making FEDS synonymous with anything related to drone services.
The company, founded by Rabih Bou Rashid, is the first DaaS firm in the Middle East that provides highly efficient, and sustainable drone services in the field of mapping, surveying, and inspection for companies in the mega industries—such as oil and gas, sustainable energy and utility, construction and infrastructure.
FEDS is committed to innovative technological advancements that provide cost-effective, timesaving, accurate and safe solutions to improve business decisions and strategic planning.
With highly qualified and certified workforce and channel partners, FEDS stays at the industry forefront by utilising the latest technology applications, data collection and analytic tools powered by AI as well as continuous evolution with the market trends.
FEDS provides solutions like aerial photography, 3D mapping, aerial surveys, inspections, and other aerial services with each solution uniquely customised as per the client’s requirements.
Currently, the company has its stronghold in the UAE and the Kingdom of Saudi Arabia and expanding steadily in the GCC countries and the MENA region. Headquartered in Dubai, FEDS has completed 1000+ projects in the Middle East & Africa region.
In addition, it is the only drone company in the Middle East that has partnered with Zayed University and the International Center for Biosaline Agriculture. For more details - www.feds.ae
About Aerodyne
Aerodyne Group is a world-leading provider of drone-based enterprise solutions, and a pioneer in the use of AI as an enabling technology for large-scale data operations, analytics and process optimization. Aerodyne’s staff of over 350 drone professionals operates on an unprecedented level in the UAS services sector, having managed more than 300,000 infrastructure assets with 110,000 flight operations across 25 countries and surveyed in excess of 100,000 km of power infrastructure across 25 countries globally.
Aerodyne is ranked third in the world by Drone Industry Insights (DII) in its ‘2019 Top 10 Drone Service Providers’; was named Frost & Sullivan’s ‘Asia Pacific UAV Services Company of 2019’; and a recipient of the Institute of Engineering and Technology (IET) Malaysia’s ‘Industry Excellence Gold Award 2019’.
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