Unmanned platform company UAV Factory acquired by AE Industrial PartnersNews
January 28, 2021
BOCA RATON, Fla. AE Industrial Partners, LP (AEI), a private equity firm specializing in Aerospace, Defense, Government Services, Power Generation, and Specialty Industrial markets, announced that it has acquired UAV Factory, company specializing in the tactical Unmanned Aerial Vehicle (UAV) and Intelligence, Surveillance, Reconnaissance (ISR) technology markets.
According to officials, UAV Factory will be a new standalone unmanned technology platform for AEI, as the firm looks to further invest in this growing market. Terms of the transaction were not disclosed.
UAV Factory was founded in 2009 and specializes in tactical UAV design and manufacturing. The Company designs and produces airframes, engines, stabilized EO/IR ISR payloads, and related components in-house for the unmanned and manned aircraft industry.
UAV Factory's Penguin C series UAV, which is designed to deliver an 20 hours of flight time, as well as its proprietary Octopus ISR gyro-stabilized sensors, are used by customers globally for a variety of critical ISR missions. UAV Factory is based in Riga, Latvia, with a second location in Bend, Oregon.