ICR spreads wings with acquisition of drone business
Drone technology will boost ICR’s growth in inspection
Energy maintenance firm ICR Integrity (ICR) has acquired drone firm Sky-Futures Partners, which provides inspections and drone pilot training for the energy, industrial and government sectors.
Middlesex-based Sky-Futures has an established global footprint with a franchise in Malaysia and partners in the Middle East.
Commenting on the acquisition, Aberdeen-based ICR’s CEO, Bill Bayliss, said: “This is a very exciting time for the ICR business and its continued growth in the inspection space.
“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.