Argus announces intent to acquire Unmanned Safety Institute
ARGUS International Inc. has announced its intent to acquire Unmanned Safety Institute (USI) of Orlando, Fla., a privately held business that has carved out a recognized and respected position in the safety training, certification and management of Unmanned Aircraft Systems (UAS). The acquisition couples nicely with ARGUS’ global presence in the aviation safety training, auditing, rating, and SMS business.
ARGUS CEO and president, Joe Moeggenberg stated, “We have been monitoring the UAS industry for several years now, and recognized early on that the rate of growth in this space will demand a strong safety infrastructure.” Moeggenberg continued, “We were very impressed with the experience that the USI founders brought to this business and the impact they have had in short time relative to their safety training and certification program.”
“As an early stage company in the UAS safety business, USI is very proud of the work we have done and strong relationships that we have formed with industry groups such as colleges and universities, aviation insurance, and the airport community, as well as trade organizations from the agricultural, videography, real estate and law enforcement industries,” remarked Aaron Greenwald, USI president. “Aligning ourselves with a recognized global leader in aviation safety such as ARGUS will allow USI to more quickly grow our service offerings, geographic reach, and cross-over offerings to the rotary and fixed wing industry who is already adding UAS to their list of aviation assets.”
The terms of the cash transaction are not being announced as both companies are privately held. It is anticipated that the transaction will be completed on or about the end of March 2016.