The security company CONDOR-group from Essen acquires a participation in Germandrones GmbH, a leading manufacturer for vertical take-off and landing (VTOL) aircraft drones. The transaction is carried out in form of a capital increase, which is subscribed by CONDOR-Group as well as the Germandrones management team and which will provide substantial financing for the ongoing expansion of the company. The investment is an expansion of the two companies’ existing cooperation.
“Drones are playing an ever more important role in many of our services. We use them for inspection and protection tasks and offer education, training, maintenance and leasing”, says Cornelius Toussaint, CEO of CONDOR-Group. “For many applications, the use of Germandrones’ aircraft-like Songbird drones will mean a considerable leap in efficiency compared to today’s multicopter drones. The Songbird’s reach of up to 100 km and flight times of over an hour offer considerable potential for surveying and mapping as well as for monitoring of power lines and railway tracks. At the same time, their innovative VTOL technology allows for take-off and landing on the smallest areas.” Germandrones Chief Technology Officer Nicolas Brieger concurs and sees considerable benefits in the cooperation: “We expect high-quality feedback for our product and service development processes in order to expand our market leadership.”
Both parties have agreed not to disclose the terms of the transaction.
Since 1978, CONDOR provides security and safety across Germany. Its business has consistently benefitted from the know-how and experience of their security professionals as well as their continuous readiness to innovate. Today, CONDOR has 950 employees at 15 locations in Germany and abroad. Besides traditional security services for airports, ships, logistics and critical infrastructures, their offering includes railway safety, as well as training and education for security, aviation and railway safety.
Germandrones develops vertical take-off and landing drones for professional users. Their Songbird drones combine the advantages of multicopters and fixed-wing airplanes: because of its vertical starting and landing capabilities, the Germandrones Songbird does not require a dedicated runway and hence significantly reduces the risk of damage to drone or payload. Its excellent flight properties also allow operation at comparatively high wind speeds of up to 19 m/s (wind force 8). Its ease of transportation, tool-less assembly, long service life and low operating costs make it a very interesting tool for all users who want to cover either large areas or long distances.