Wiggin advises Indra Group on drone traffic management acquisition

Wiggin is delighted to have advised Indra Group on its acquisition of GuardianUTM from British technology company Altitude Angel. The transaction strengthens Indra Group’s position in the global Unmanned Traffic Management (UTM) market and expands its UK presence.

Indra Group’s Head of M&A Legal, Patricia Montoro Cobles commented: “We are very happy with this transaction as it increases our position in the air traffic business and reinforces our presence in a strategic market such as the United Kingdom.”

Corporate Partner Tom Gastrell commented: “We’re delighted to have advised Indra Group on this strategic technology acquisition. The transaction involved complex IP considerations around cloud-based platform technology and associated rights, and positions Indra Group well in the high-growth drone traffic management market.”

The Wiggin team was led by Corporate Partner Tom Gastrell, supported by Philip Wyatt and Samantha Cheong, working closely with IP partner Michael Browne to navigate the intellectual property aspects.

You can read more about the deal here.