AgEagle Aerial Systems Inc. ("AgEagle"), an industry-leading provider of drones, sensors and software listed on the New York Stock Exchange, and Parrot, a leading European drone group, entered into an agreement under which AgEagle acquired senseFly, a Parrot Group wholly-owned subsidiary, in a cash and stock transaction. Founded in 2009 and headquartered in Lausanne, senseFly employs approximately 90 people and develops and produces a proprietary line of eBee-branded, high performance, fixed wing drones for professional use.
Bär & Karrer acted as Swiss legal advisor to AgEagle alongside Carlton Fields in this transaction. The team included Martin Anderson and Arnaud Philippe (both M&A), Laura Widmer, Nadia Smahi and Laura Rubeli (all Employment), Christoph Suter and Alice Johnson (both Tax), Tobias Rebmann (Antitrust) as well as Jonas Bornhauser (IP).