MDGROUP ACQUIRES GEOCUE GROUP
Benzinga Rome, NY, Jan. 10, 2022 (GLOBE NEWSWIRE) -- mdGroup, parent company of Microdrones, has acquired GeoCue Group, Inc. (GeoCue) from its founders for an undisclosed amount.
A pioneer in aerial LiDAR mapping technology, GeoCue primarily serves the U.S. mapping, surveying, and engineering industry through its TrueView line of drone LiDAR/Imaging sensors and LiDAR data processing software TrueView EVO/LP360. GeoCue designs, develops, and manufactures its products in Triana, Alabama and derives most of its sales from the U.S. market.
The acquisition of GeoCue strengthens mdGroup's leadership as a provider of high-end drone surveying technologies and represents another critical milestone in the mdGroup one-stop shop strategy. Vivien Heriard-Dubreuil, CEO of mdGroup explains, With this acquisition, we are positioned to respond to increasing demand for drone-enabled precision deliverables. This includes classified and colorized point clouds, volume calculation and contour maps.
GeoCue joins Microdrones as another portfolio company of mdGroup focused on the aerial surveying industry. mdGroup now addresses the full spectrum of professional surveyor needs for drone-enabled data collection and processing tools. Frank Darmayan, mdGroup COO adds, Both companies will continue to serve customers as they have come to trust and expect. They can choose Microdrones fully-integrated survey equipment and the mdInfinity cloud data processing platform or GeoCue LiDAR payloads and EVO/LP360 data processing desktop software.
