Home News PrecisionHawk announces 5th Acquisition in 9 Months, Drone industry consolidation continues

PrecisionHawk announces 5th Acquisition in 9 Months, Drone industry consolidation continues

US: PrecisionHawk will announce its fifth acquisition in the last nine months. Starting with Droners.io and Airvid in February, then InspecTools and HAZON Inc. in September, and now one of the nation’s largest engineering and construction firms, PrecisionHawk is ultimately betting that its long-term success depends on how well it builds industry expertise and rides up the consolidation curve.

About PrecisionHawk

PrecisionHawk is a commercial drone and data company. Founded in 2010, PrecisionHawk is headquartered in Raleigh, North Carolina with another global office in Toronto, Canada and satellite offices around the world. PrecisionHawk is a manufacturer of drones (Lancaster) and has more recently focused heavily on developing software for aerial data analysis (DataMapper) and drone safety systems (LATAS). PrecisionHawk is a member of the U.S. Federal Aviation Administration Pathfinder Initiative and the NASA UTM Program.