Spain’s Grupo Oesía Invests $9M UAV Navigation

UAV Navigation Team

Grupo Oesía, a 100% Spanish company specializing in technology development and applied engineering, has carried out a strategic investment operation in the unmanned systems sector, strengthening the position of another Spanish company, UAV Navigation.

This operation represents an investment of about € 7.5M in 4 years with the aim of guaranteeing both the development of a key competence for the future, using Spanish capital, and the participation of UAV Navigation. UAV Navigation is a technology company with a highly qualified team and proven competence in the field of unmanned systems.

This movement and strategic collaboration will be followed by a strategic plan that allows UAV Navigation-Grupo Oesía to achieve an annual turnover of more than € 5M in the Autopilot market, within both the civil and military environments.

Luis Furnells, CEO of Grupo Oesía, states,

“We are convinced that this collaboration reinforces the company’s potential to provide first-class solutions.”

The President of the company sums up his vision:

“To be a great technology company with 100% Spanish and private capital, working for the best and participating in great innovation projects demands great responsibility. Our goal is to consolidate ourselves as a dynamic player and driver of innovation in the Spanish aeronautical industry”.

Source: Press Release

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