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Texas drone developer Aero Kinetics being sold for $24M to London-based Strat Aero

FORT WORTH, Texas – London-based Strat Aero has announced plans to buy Texas drone developer Aero Kinetics in a $24 million deal.

Fort Worth-based Aero Kinetics says the agreement will allow for expansion in the rapidly emerging unmanned aircraft systems sector.

Strat Aero on Friday said the acquisition will assist in software, hardware and services related to unmanned aerial vehicles.

Aero Kinetics, founded in 2003, provides aerospace and defence technology and services.