To make the best out of the current market situation, Valmie Resources Inc (OTCBB:VMRI) has decided to acquire a few companies. As per the announcement made by the company, the names that meet the minimum criteria set by it have been shortlisted. Valmie Resources has initiated the primary talks with these businesses along with the evaluation process to carry out a hassle-free experience.
At present, the primary focus of the company is to achieve expertise in unmanned aerial vehicle (UAV) technology; therefore, it’s seeking to acquire those companies that can help it doing so. Valmie Resources wants to buy those companies that are compatible with its strategies and have the potential for long-term value creation.
Initiatives Taken By Valmie Resources To Execute The Acquisition Procedure:
Valmie Resources is all set to visit the Unmanned Systems 2015 conference organized by Unmanned Vehicle Systems International. As per the reports, it will meet with emerging companies and establiished players to discuss plans for this event. Most of the companies that Valmie Resources will target during the event have come up with technologies, processes and innovations to ensure growth in the aerial robotic sector.
The senior management of the company is committed to achieving its short-term as well as long-term objectives. According to Gerald B. Hammack, CEO & President, Valmie Resources Inc (OTCBB:VMRI), the primary objective is to focus on those companies that can help Valmie expanding in the commercial drone sector. The proposed acquisitions will help the company to include market winners in its portfolio quite early and give them enough time to come up with fitting solutions to the prevailing market condition.
The company acquired Vertitek, Inc. recently, which helped it getting good exposure in the UAV sector. Both the companies are working on various projects including V-1 Drone, which is being adapted for an international client active in crop monitoring field.