Red Cat Completes Fat Shark Acquisition, Expanding Presence in FPV Drone Market

2020-11-10 09:26

Red Cat Holdings, Inc. , a leading brand in the drone industry, today announced completion  of the acquisition of Fat Shark Holdings, Ltd. , the leading provider of headsets and goggles for professional FPV racers and drone pilots with an estimated market share of 85%.

Fat Shark generates approximately $7 million (unaudited) annual revenues, which will significantly increase the reported revenue for the combined companies. This transaction follows the Company’s acquisition in January 2020 of Rotor Riot, another leading provider of FPV and drone racing hardware.

“This has been a transformational year for Red Cat,” stated Jeff Thompson, CEO. “As we establish our leadership position through our acquisitions, we expect to take significant market share of the drone market that analysts currently forecast will grow to $42.8 billion by 2025.” “Fat Shark acquisition adds a fully-integrated supply chain, experienced international manufacturing and sourcing capabilities, and design and development resources. Fat Shark’s new digital products provide a platform to fuel our future growth as the industry continues to evolve.”

“We are excited to join the Red Cat team,” added Greg French, founder and chief technology officer of Fat Shark. “Combining our innovative technology with the marketing acumen of Rotor Riot and the financial support of Red Cat will enable us to accelerate growth in the quarters ahead.”

“The drone industry is poised for rapid growth in the years ahead, and we are now extremely well positioned to capitalize on a wide variety of opportunities,” commented Chad Kapper, CEO of Rotor Riot. “With the addition of Fat Shark we have paired a quality hardware base with Rotor Riot’s robust educational/entertainment brand.

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drone red acquisition cat holdings fat shark

Источник: blockchainnewstoday.com

drone red → Результатов: 9


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Presenting Red Cat’s blockchain-based Black Box analytics and storage. This product replicates a traditional black box recorder required by the FAA for commercial aircraft. This service will allow companies and drone pilots to view diagnostic metrics with Red Cat analytics to understand crashes or to fine tune their drone performance.

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