Parrot: MicaSense sold to AgEagle Aerial Systems Inc.
29 Januar 2021 - 8:00AM
Parrot: MicaSense sold to AgEagle Aerial Systems Inc.
|
PRESS RELEASEParis (France), January 29, 2021 – 08:00am CET |
MicaSense sold to AgEagle Aerial Systems Inc.
MicaSense, the Parrot Group’s smallest
subsidiary, specialized in sensors for drone-based precision
farming, has been sold to AgEagle Aerial Systems, a data
collection, analytics, aerial imaging services and drone company,
for a total of $23m
Parrot, Europe’s leading micro-drone group, has
closed the sale of its subsidiary, MicaSense, to AgEagle Aerial
Systems (NYSE American: UAVS), a Kansas-based drone services and
solutions pioneer, according to the terms presented on January
27th, 2021. This sale is in line with the management of the Group’s
investment portfolio, with a transaction valued at $23m. IFRS 5
“Non-current Assets Held for Sale and Discontinued Operations” will
be applied for the Parrot Group’s consolidated accounts for 2020,
to be published in March 2021.
The transaction finalized on January 28th with a
first payment of nearly $13.5m in cash, excluding transaction fees.
A second cash payment of €1.4m is scheduled within 90 days as well
as the equivalent of $3m of AgEagle Systems shares, listed on NYSE
American. Approximately $5m spread between the start of 2022 and
start of 2023 will be paid in accordance with the guarantees given
for the sale.
Refer to the press release of January 27th, 2021
for more information : link to the PDF file.
ABOUT
PARROT
Founded in 1994 by Henri Seydoux, Parrot is
today the leading European group in the fast-growing industry of
drones. Visionary, at the forefront of innovation, Parrot is
positioned across the entire value chain, from equipment to
services and software. Its micro-drones, well known for their high
performance and ease of use, address the needs of professionals as
well as consumers. The Group also has a portfolio of outstanding
companies and interests in commercial drones, covering equipment,
software and services. Its expert capabilities are focused
primarily on three vertical markets: (i) 3D Mapping, Surveying and
Inspection, (ii) Defense and Security and (iii) Agriculture.
The Parrot Group designs and engineers its
products in Europe, mainly in France and Switzerland. It currently
employs over 500 people worldwide and makes the majority of its
sales outside of France. Parrot, headquartered in Paris, has been
listed since 2006 on Euronext Paris (FR0004038263 - PARRO).
Financial information is available on http://corporate.parrot.com.
For more information visit: www.parrot.com and its subsidiaries
www.pix4d.com, www.sensefly.com, www.micasense.com.
CONTACTS
Investors, analysts, financial media Marie Calleux
- T. : +33(0) 1 48 03 60 60parrot@calyptus.net |
Consumer
and tech media Cecilia Hage - T. : +33(0) 1 48 03 60
60 cecilia.hage@parrot.com |
- PARROT-CP-MicaSense_EN_20210129_DEF
Parrot (EU:PARRO)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Parrot (EU:PARRO)
Historical Stock Chart
Von Apr 2023 bis Apr 2024