Google on 14 April 2014 bought Titan Aerospace, a maker of high-altitude solar-powered drones. It has acquired the drone making company to bring internet access to the remotest parts of the world and also to solve problems related to it.
None of the two companies has disclosed the financial term of acquisition.
As per the internet giant, Google the atmospheric satellites could be used in disaster relief and assessing environmental damage and voice and data communications.
How acquisition of Titan will help Google in its different projects
• The drones of Titan would enable Google to collect pictures across the planet and help in Google Earth and Maps
• It will be fruitful for Google’s Project Loon in which the company earlier decided to send high-altitude balloons into the atmosphere to provide internet access to such areas of earth that are yet not connected. It will also work closely with the other projects of google like Makani airborne wind turbine Power Company that Google acquired last year.
Earlier, Facebook also acquired UK-based Solar drone company Ascenta for 20 million dollar (12million pound).
Titan Aerospace based in Moriarty, New Mexico is in the process to develop two types of solar-powered drones. These drones will have an ability to fly for years (about five years) and it’s expected that the commercial operations of these drones would start by 2015.
Some of the important Mergers and acquisition by Google in 2014
• Green Throttle a Gadgets company on 12 March 2014
• Spider.io an Anti ad-fraud firm on 21 February 2014
• SlickLogin and internet Security Company on 16 February 2014
• DeepMind Technologies an Artificial Intelligence company on 26 January 2014
• Impermium an Internet security company on 15 January 2014