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Drone Volt

Bloomberg   ALDRV FP
Aerosp. & Defence Equipt.  /  France  Web Site   |   Investors Relation
From distributor to service provider.
Upside 148%
Price (€) 0.01
Market Cap (€M) 13.8
Perf. 1W: 1.28%
Perf. 1M: 2.60%
Perf. 3M: -18.6%
Perf Ytd: -21.0%
10 day relative perf. to stoxx600: 2.58%
20 day relative perf. to stoxx600: 0.21%
M&A /Corp. Action24/06/2021

Drone Volt sells 50% of Aerialtronics to partner at a high valuation

Drone Volt has finalised this highly anticipated sale to its American partner Aquiline Drones at a valuation of €15m, which represents an added value of €6m for the French drone company. The discussions for the sale of 50% of Aerialtronics started in January 2021, and the deal was expected by the end of this year.


Aerialtronics has been a subsidiary of Drone Volt since 2017, when the latter bought 50% of it at €100k due to its liquidation state. Since then, Drone Volt has managed to restructure the business successfully and, by September 2020, Drone Volt bought the remaining 50% for €2.5m as Aerialtronics was valued €5m. Today the company is valued three times this price, which means that through its 50% sale of Aerialtronics to Aquiline Drones, Drone Volt has made €6m in added value.

Drone Volt has, however, managed to keep control of Aerialtronics’ operations, and the subsidiary will remain 100% consolidated in Drone Volt’s financial statements. Aerialtronics is the company that created the Altura Zenith drone and the Pensar camera, which is embedded with AI and offers great potential.

Through this acquisition, Aquiline Drones confirms once again its trust in Drone Volt’s technology and consolidates an already solid partnership.


We have already anticipated this news in our estimates, therefore we reiterate our Buy recommendation.


19 Jul 21 Earnings/sales releases
H1 21: strong growth in revenues, promising H...

12 Jul 21 Target Change
More shares, less debt

31 May 21 DCF Change
Major Contracts to double sales

19 Apr 21 EPS change
COVID-19 delays profit and growth

22 Jan 21 Earnings/sales releases
Q4 20: sharper COVID-19 impact though the dy...

21 Jan 21 M&A /Corp. Action
Capital exchange with Aquiline Drones