mdGroup, parent company of Microdrones, has acquired aerial LiDAR mapping technology firm GeoCue Group, Inc. from its founders for an undisclosed amount.
GeoCue primarily serves the U.S. mapping, surveying, and engineering industry through its TrueView line of drone LiDAR/Imaging sensors and LiDAR data processing software TrueView EVO/LP360.
The acquisition of GeoCue strengthens mdGroup’s leadership as a provider of high-end drone surveying technologies and represents another critical milestone in the mdGroup one-stop shop strategy.
Vivien Heriard-Dubreuil, CEO of mdGroup, said, “With this acquisition, we are positioned to respond to increasing demand for drone-enabled precision deliverables. This includes classified and colorized point clouds, volume calculation and contour maps.”
GeoCue joins Microdrones as another portfolio company of mdGroup focused on the aerial surveying industry. mdGroup now addresses the full spectrum of professional surveyor needs for drone-enabled data collection and processing tools.
Frank Darmayan, mdGroup COO, added, “Both companies will continue to serve customers as they have come to trust and expect. They can choose Microdrones fully-integrated survey equipment and the mdInfinity cloud data processing platform or GeoCue LiDAR payloads and EVO/LP360 data processing desktop software.”
mdGroup sees significant immediate benefits in this acquisition for both companies. It will enrich the companies’ collective expertise in aerial LiDAR technology, consolidate mdGroup’s presence in the U.S. market and open the door to the European market for GeoCue products.
“This further establishes mdGroup as the go-to provider of industrial-grade, high quality and Western-made aerial surveying equipment and software,” said Francois Gerner, CFO of mdGroup. “In the medium to long term, mdGroup expects customers of both companies to benefit from the outcome of GeoCue and Microdrones collaboration in the technical field.”