UK-based asset integrity firm ICR has acquired drone inspection company Sky-Futures Partners.
ICR says the acquisition facilitates the next phase of ICR’s inspection service offering. Sky-Futures has eight years of experience in 28 countries, providing commercial beyond visual line of sight (BVLOS) drone operations.
The company is headquartered in Hayes, Middlesex, in England. The company has an established global footprint with a franchise in Malaysia and partners in the Middle East which provide the platform for the company's ambitious growth plans and align with ICR's strategic plans.
Commenting on the acquisition, ICR’s CEO, Bill Bayliss, said: “This is a very exciting time for the ICR business and its continued growth in the inspection space. We see a huge opportunity with Sky-Futures becoming part of the ICR Group as they are a world leader in the use of drones for data capture and its subsequent management. This acquisition, combined with a number of existing product lines within the ICR service portfolio, will provide our global client base with industry leading technologies to both extend the life cycle and improve the integrity of an asset.”
Sky-Futures Co-Founder and COO Chris Blackford said: “The acquisition of Sky-Futures by ICR is an exciting next step in our journey. The combination of ICR’s technical services with drone-based inspection operations provide a highly differentiated offering that will stand out in the market.”
ICR is backed by funds provided by Graphite Capital, ICR's private equity investors. The terms of the transaction were not disclosed.
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