Aerodyne divests interest in Denmark based wind turbine company, ATSITE

Aerodyne Group announced today that it has divested its interest in AtSite(formerly Aerodyne AtSite), Denmark by selling its stake back to AtSite’s original shareholders, Rene Merrild Holding Aps and Obling Rasmussen Holding Aps.

Elaborating on the divestment, Aerodyne’s Founder and CEO, Kamarul A Muhamed, said, “Aerodyne’s aggressive global expansion strategy places it in 25 countries around the world with international partners and companies that are able to cover all industry verticals. Now, after two years, we are looking to realign our objectives moving forward to our overall strategic blueprint, and as such, a divestment was the clear path forward.”

This divestment allows Aerodyne to better focus its resources to support its rapid scale-up strategy globally across all verticals it operates in.

‘It has been an interesting two year journey and we wish Rene, Mads and the team the best of luck,“ Kamarul added. As a result of this divestment, AtSite will no longer be known as Aerodyne AtSite.

About Aerodyne

Aerodyne Group (www.aerodyne.co) is a world-leading provider of drone-based enterprise solutions, and a pioneer in the use of AI as an enabling technology for large-scale data capture and analytics. Ranked third globally by Drone Industry Insights under the Drone Services category, Aerodyne’s team of over 335 drone industry experts operSates on an unprecedented level in the UAV services sector, having completed over 78,500 flight operations, inspected more than 285,500 assets and surveyed in excess of 75,000km of power infrastructure across 25 countries around the world.

Aerodyne was recently named Frost & Sullivan’s ‘Asia Pacific UAV Services Company
of 2019’ and Institute of Engineering and Technology (IET) Malaysia’s Industry
Excellence Gold Award 2019.