Volatus Aerospace Completes Acquisition of Synergy Aviation and iRed Remote Sensing
DRONELIFE Staff Writer Ian M. Crosby
today, Boratas Aerospace announced the completion of the acquisition of synergy airlines Edmonton, Alberta, first announced on October 13, 2022, and iRed remote sensing First announced on October 28, 2022, Emsworth, UK.
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Through its acquisition of Synergy Aviation, Volatus gains an influential position in the field of oil and gas infrastructure monitoring, with the ability to establish green drone technology that provides a competitive advantage for growth within the industry. increase. Additionally, the company’s acquisition of iRed not only strengthens its product offering in the infrared inspection space, but also further expands the reach of his Volatus influence within the UK and Europe.
“The addition of these two companies resulted in pro forma revenues of approximately $7.5 million and pro forma EBITDA of $1 million for the first nine months, and pro forma EBITDA of $1.63 million for the first three quarters, putting Volatus at pro forma That’s $30 million in revenue,” Volatus said. Aerospace CFO Abhinav Signhvi said: “His strong sales and positive EBITDA are particularly encouraging following his recently reported third quarter 2022 earnings of 11.12 MM and EBITDA of $39,547.”
Volatus Aerospace CEO Glen Lynch said:
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Ian attended Dominican University in California and graduated with a BA in English in 2019. With his lifelong passion for writing and storytelling and keen interest in technology, he now contributes to his DroneLife as a staff writer.
Miriam McNabb, editor-in-chief of DRONELIFE and CEO of professional drone services marketplace JobForDrones, is a fascinating observer of the emerging drone industry and drone regulatory environment. With her 3,000+ articles focused on the commercial drone space, Miriam is an international speaker and recognized figure in the industry. Miriam has a degree from the University of Chicago and high tech she has over 20 years of experience in sales and marketing new technologies.
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