mdGroup successfully acquires GeoCue Group
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.
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.