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United States : Lauren International buys Theiss Aviation.

Lauren International has announced it has acquired Theiss Aviation Inc., an Unmanned Aerial Vehicle (UAV) solutions firm based in Salem, Ohio.

Theiss, rebranded Theiss UAV Solutions LLC under Lauren, will now gain access to funding for projects, production resources and an expanded marketing presence through Lauren's family of companies.

The Theiss UAV Solutions acquisition provides Lauren with another foothold in the aviation and UAV market in Ohio, having acquired North Canton-based radio-controlled (R/C) flight YouTube channel Flite Test in 2014.

Lauren International CEO Kevin Gray said, "Lauren sees a bright future in aviation technology. With Shawn's two decades of experience in UAVs, we re confident that Theiss UAV Solutions will excel in its mission to improve human lives through aviation technology."

Shawn Theiss will still serve as founder and general manager, with Lauren executive Chad Kapper serving as president.

Kapper said, "Flite Test s transparency and constant release of relevant YouTube videos translates to brand trust. We would like to establish Theiss UAV Solutions as a leader in the rapidly growing consumer and commercial UAV industries by building trust and relationships through brand transparency and relevant solutions."

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Publication:Mena Report
Date:Sep 28, 2015
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