Falcon Eye Drones Services (FEDS) Group Holdings, announced a “major strategic investment” from global drone-based management solutions provider Aerodyne Group.

This marks Aerodyne’s first investment in the Middle East and North Africa (Mena) region. The fund will help strengthen FEDS’s technology stack and benefit from Aerodyne’s drone and data technology as well as digital transformation capabilities.

FEDS has conducted thousands of commercial operations for some of the biggest companies in the Middle East, while Aerodyne itself is already a global leader with more than 300,000 infrastructure assets inspected and managed across 25 countries. Both companies are ranked among the top 20 drone service providers by Drone Industry Insights.

“I am very excited with this strategic alliance and have no doubt that it will add significant value to FEDS, our clients and Aerodyne Group,” said Rabih Bou Rached, founder and chief executive officer (CEO) at FEDS. “We look forward to continuously create value and expand the frontier in the drone services space together with Aerodyne.”

The new investment comes as part of Aerodyne’s two-year plan to aggressively expand its global footprint, with plans to complete seven mergers and acquisitions.  

“By combining our expertise and FEDS local content, we have created a platform that is primed to be the market leader in the region and will supercharge our next phase of growth,” said Kamarul A Muhamed, founder and group CEO at Aerodyne.