Trentar had recently acquired a similar stake Hyderabad-based UAV propulsion system startup Trishula and GarudaUAV
Continuing its spree of acquisitions, Bengaluru-based drone company Trentar Group has acquired a majority stake of 75 percent in Unmanned Aerial Vehicle (UAV) manufacturer TM Aerospace.
The company said in a statement that the acquisition will focus on commercialising high quality and Specialty UAVs for both commercial and defence segments, not only in India but, globally.
Trentar had recently acquired a similar stake Hyderabad-based UAV propulsion system startup Trishula which is reportedly the only Indian company providing a complete UAV propulsion system designed, developed and 100 percent Made in India. The firm had also bought a stake in GarudaUAV, a leading Drone based services and platform company.
The recent acquisition of TMA will help make India independent and self-sufficient in the complete UAV Ecosystem, the firm said.
Recently, TMA had also committed to to manufacture and launch their own MALE UAVs(Medium Altitude Long Endurance) for the defence sector.
Founder of TM Aerospace Mohsin Pasaha said, “Since inception, TMA has been continuously innovating and have been successful in creating 3 major UAV platforms. We are pretty confident that this acquisition will help us to quickly launch these platforms, globally.”
Subodh Menon, founder of Trentar said, “Completely Indigenous, World Class UAV ecosystem is the Vision we have for Trentar. Acquisition of TMA will help India have World Class UAV systems completely designed, manufactured and supported in India. Our High Kinetic Energy Munition Systems, the first of it’s kind in the world and the MALE platform are part of our commitment to give huge advantage to Indian Defence and will also make India a leading player in these specialty and new age segments.”
This comes just a few months after the Dorf Ketal Chemicals’ subsidiary announced that it will begin manufacturing drones under its newly established UAV manufacturing division, for which it is planning to spend Rs 100 crore over the next three years.
Trentar will be shortly launching multiple variants of its Fixed Wing VTOLS to suit civil, defence and high altitude usage, stating that its high kinetic energy precision guided munition system slotted to be launched in 2022, will prove to be a game changer in the electronic warfare space.