Announcement Trentar Group acquires 76 per cent stake in the

Announcement Trentar Group acquires 76 per cent stake in the Chennai based UAV manufacturer

Mumbai (Maharashtra) [India], September 29 (ANI/BusinessWire India): Trentar Pvt Ltd announced yet another significant acquisitions in the UAV manufacturing sector, alongside a controlling stake with One of India's most innovative startups in the UAV Design to Delivery space, RFLY Innovations. The acquisition will focus on commercialising multirotors and helicopters for both commercial and defense segments in India and global markets. This acquisition along with the others done by Trentar recently will help make India independent and self-sufficient in the complete UAV Ecosystem. Trentar had recently acquired TM Aerospace which specializes in Fixed Wing UAV Platform and GarudaUAV, a leading Drone based services and platform company. Trentar had earlier committed to invest Rs. 100 Cr in 3 years to design and build specialized Drones for Defence and Civil purposes along with Indigenously built subsystems. Chennai-based RFLY Innovations specialises in the Multi Rotor segment and already has products for survey, surveillance, heavy lift and tethered platform, which will find its use both in civil and defence segments with deployment at both plains and high Altitude. The Heavy Lift, LIDAR integrated and the Tethered platforms will prove to be game changers in the industries across verticals. RFLY Innovations is also committed to launch their Heli Platforms for both surveillance and load lifting at high altitudes. Development of these and their Autopilot & Communication platforms are currently in progress and slotted for launches in the near future. This will not only help strengthen the defence forces but will also help India save significantly on Foreign Exchange spent hitherto to acquire them, thereby realising the Atmanirbhar dream of the Government. Subodh Menon, Founder, Trentar, expresses, "To be a Full Stack UAV solutions company is the Vision we have for Trentar. The acquisition will further strengthen the group's objective of building completely indigenous, world-class UAV ecosystem. It will also help us to fill the gap of multi-rotors we had in our product folio. The acquisition of RFLY Innovations and providing the necessary tail wind for its growth is part of our commitment to give a huge advantage to the Indian UAV Industry and will also make India a leading player in this speciality and new age segment. This acquisition will transform RFLY Innovations into a Market Leader in the design to delivery space of Multi Rotor Platforms." Commenting on the acquisition, Sudhir Menon, Chairman, Trentar said, "This acquisition of majority stake in RFLY Innovations is in continuation of Trentar's foray into the Global UAV Industry. We keenly look forward to commercialise the highly innovative platforms developed at RFLY Innovations till now, which we are sure will benefit the Global Civil and Defence markets in a big way." Founders of RFLY Innovations Mohamed Rafeek and Dr. Mohamed Rasheed in a joint statement said, "This acquisition by Trentar is highly strategic. The Innovative culture at RFLY Innovations backed by the vision of the Trentar Leadership and the way they have been nurturing other companies acquired recently gives us great confidence that RFLY Innovations' products will be successful and go global. We are also thrilled with the benefits of Synergy with the other companies already within the Trentar Group." This story is provided by BusinessWire India. ANI will not be responsible in any way for the content of this article. (ANI/BusinessWire India)

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Mumbai , Maharashtra , India , Chennai , Tamil Nadu , Mohamed Rasheed , Mohamed Rafeek , Subodh Menon , Sudhir Menon , Foreign Exchange , Trentar Pvt Ltd , Trentar Group , Tm Aerospace , Businesswire India , Fixed Wing , Multi Rotor , Heavy Lift , Heli Platforms , Full Stack , Market Leader , Multi Rotor Platforms , Global Civil , Trentar Leadership , Mumbai Maharashtra India , Eptember 29 Ani Businesswire India Trentar Pvt Ltd Announced Yet Another Significant Acquisitions In The Uav Manufacturing Sector , Longsidea Controlling Stake With One Of India 39s Most Innovative Startups In The Uav Design To Delivery Space , Fly Innovations The Acquisition Will Focus On Commercialising Multirotors And Helicopters For Both Commercial Defense Segments In India Global Markets This Along With Others Done By Trentar Recently Help Make Independent Self Sufficient Complete Uav Ecosystem Had Acquired Tm Aerospace Which Specializes Fixed Wing Platform Garudauav , A Leading Drone Based Services And Platform Company Trentar Had Earlier Committed To Invest Rs 100 Cr In 3 Years Design Build Specialized Drones For Defence Civil Purposes Along With Indigenously Built Subsystems Chennai Rfly Innovations Specialises The Multi Rotor Segment Already Has Products Survey , Surveillance , Eavy Lift And Tethered Platform , Hich Will Find Its Use Both In Civil And Defence Segments With Deployment At Plains High Altitude The Heavy Lift , Idar Integrated And The Tethered Platforms Will Prove To Be Game Changers In Industries Across Verticals Rfly Innovations Is Also Committed Launch Their Heli For Both Surveillance Load Lifting At High Altitudes Development Of These Autopilot Amp Communication Are Currently Progress Slotted Launches Near Future This Not Only Help Strengthen Defence Forces But India Save Significantly On Foreign Exchange Spent Hitherto Acquire Them , Hereby Realising The Atmanirbhar Dream Of Government Subodh Menon , Founder , Rentar , Xpresses , Uot To Bea Full Stack Uav Solutions Company Is The Vision We Have For Trentar Acquisition Will Further Strengthen Group 39s Objective Of Building Completely Indigenous , Orld Class Uav Ecosystem It Will Also Help Us To Fill The Gap Of Multi Rotors We Had In Our Product Folio Acquisition Rfly Innovations And Providing Necessary Tail Wind For Its Growth Is Part Commitment Givea Huge Advantage Indian Industry Make Indiaa Leading Player This Speciality New Age Segment Transform Intoa Market Leader Design Delivery Space Rotor Platforms Quot Commenting On , Chairman , Rentar Said , Uot This Acquisition Of Majority Stake In Rfly Innovations Is Continuation Trentar 39s Foray Into The Global Uav Industry We Keenly Look Forward To Commercialise Highly Innovative Platforms Developed At Till Now , Hich We Are Sure Will Benefit The Global Civil And Defence Markets Ina Big Way Quot Founders Of Rfly Innovations Mohamed Rafeek Dr Rasheed Joint Statement Said , Uot This Acquisition By Trentar Is Highly Strategic The Innovative Culture At Rfly Innovations Backed Vision Of Leadership And Way They Have Been Nurturing Other Companies Acquired Recently Gives Us Great Confidence That 39 Products Will Be Successful Go Global We Are Also Thrilled With Benefits Synergy Already Within Group Quot Story Provided Businesswire India Ani Not Responsible In Any For Content Article ,

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