mdGroup successfully acquires GeoCue Group

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 role 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.

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.”

In the near term, the acquisition of GeoCue will not yield any visible change for GeoCue or Microdrones customers. However, mdGroup sees significant immediate benefits in this acquisition for both companies. It enriches their collective expertise in aerial LiDAR technology, consolidates mdGroup’s presence in the US market and opens the door to the European market for GeoCue products.

Francois Gerner, CFO of mdGroup explains, “This further establishes mdGroup as the go-to provider of industrial-grade, high quality and Western-made aerial surveying equipment and software. In the medium to long term, mdGroup expects customers of both companies to benefit from the outcome of GeoCue and Microdrones collaboration in the technical field.”