April 28, 2022, Osijek, Croatia – A pioneering company in the FPV industry merges with a leading drone technology startup to create an EU-Based drone powerhouse, as Orqa acquires ImmersionRC.
The deal brings together two of the most exciting companies in the FPV space, whose products and business ethos are a perfect fit. ImmersionRC, based in Switzerland, has been specializing in advanced electronics for a decade and is one of the pioneers of the FPV drone space. By contrast, Orqa was only founded in Croatia in 2018, but has quickly become a global leader in the design and manufacturing of building blocks for drones, as well as expertise in low latency video systems and next generation VR/AR headsets for the remote control of unmanned platforms and enhanced vision capabilities.
(The two CEOs shake on the deal)
Under the terms of the deal, Orqa will acquire 100% of ImmersionRC, whose CEO Tony Cake will join the Orqa team as CTIO (Chief Technology Innovation Officer). All existing IRC products will continue to be sold, developed and supported.
The addition of Cake to the Orqa team brings a wealth of experience to the young Croatian start-up, which is growing exponentially in a sector which is itself experiencing huge growth. Cake’s 10 years in the FPV world, as well as over 20 years’ experience in high-end test and measurement, will be a major asset.
(Orqa FPV.Ctrl with IRC Uberlite Ghost Module – an example of the excellent collaboration betweeen the two companies for more than 2 years)
Orqa CEO Srdjan Kovacevic, who is currently en route to Washington as part of the DIGITALEUROPE delegation to work with prominent US policymakers to help harmonize global digital business, is excited by the new partnership:
“With the acquisition of the IRC portfolio, Orqa now has one of the most complete drone technology portfolios in the world, and is the only company in the Western hemisphere that has all drone building blocks manufactured in-house. We are thrilled to welcome Tony – already a long-time partner and friend – to the Orqa team, and look forward to moving forward together in these exciting and innovative times.”
(Orqa FPV.One Pilot – Orqa flagship product selling in 50+ countries)
“Having already worked very successfully with Orqa for more than 2 years, primarily as production partner for the Ghost line of products, I have every confidence in the Orqa team and their vision,” said Cake. “ I am looking forward to working with them to continue to develop game-changing technologies. Together Orqa and ImmersionRC will become the most powerful engineering and products company in the FPV drone industry.”
For more information about Orqa – www.orqafpv.com
All media enquiries – Ivan Jelušić, [email protected] , 00385989153798
