The acquisition of Lincoln-based unmanned aerial vehicles (UAVs) manufacturer Tetra Drones has been completed by U.S firm Plymouth Rock, providing it with a UK production base.
Plymouth Rock has acquired 100 ordinary shares of Tetra Drones for an undisclosed sum. It announced the signing of a binding Letter of Intent in April, with the transaction now complete.
Founded in 2017, Tetra is a private company which works with the likes of universities, law enforcement and environmental agencies for mission specific UAVs.
“The acquisition of Tetra provides us with a UK based production and sales team with a record of success. We welcome the Tetra team to Plymouth Rock, as we move forward to a sales phase within the USA and EU,” said Dana Wheeler, president of Plymouth Rock.
Plymouth Rock’s added its aim is to develop the next generation of threat detection solutions and UAVs. Its PRT X1 is a purpose-built multirotor UAV utilising AI, sensors and the latest FLIR dual-camera module as standard.
This UAV is designed to offer thermal capabilities alongside 1080p HD real-time air-to-ground streaming and 4K video recording, with the ability to mount multiple, various sensors, modules and payloads.