Adani Enterprises, through its subsidiary Adani Defence Systems and Technologies Ltd, signed an agreement on Friday to acquire 50% stake in drone firm General Aeronautics Pvt Ltd.
Adani Defence Systems and Technologies Ltd will leverage its military drone and AI/ML capabilities and work with General Aeronautics for providing end to end solutions for domestic agricultural sector, the company said in a statement.
The deal value was not disclosed.
General Aeronautics is an end-to-end agri platform solution provider, based out of Bengaluru and incorporated in 2016. It provides robotic drones and drone-based solutions for crop protection services, crop health, precision-farming and yield monitoring using artificial intelligence and analytics for the agricultural sector.
Source: Mint