Procore Technologies completed its Acquisition of DroneDeploy for approximately $845.0 million in cash on September 9, 2026. DroneDeploy continues as a wholly owned Procore subsidiary, while the purchase price remains subject to adjustments for working capital, transaction expenses, cash and indebtedness under the Merger agreement.

Key Highlights

  • Procore completed the DroneDeploy merger on September 9, 2026.
  • The transaction followed a merger agreement entered into on July 27, 2026.
  • DroneDeploy continues as the surviving company and a wholly owned Procore subsidiary.

Procore Technologies, Inc. (NYSE: PCOR) completed its acquisition of DroneDeploy for approximately $845.0 million in cash on September 9, 2026. The transaction makes DroneDeploy a wholly owned Subsidiary of Procore, subject to purchase-price adjustments specified in the merger agreement.

$845.0 Million Cash Acquisition Completed

The transaction followed an agreement entered into on July 27, 2026, involving Procore, its Wholly Owned Subsidiary DF Merger Sub, Inc. DroneDeploy and Fortis Advisors LLC, acting as stockholder representative. Under the agreed structure, Merger Sub merged with DroneDeploy, with DroneDeploy remaining as the surviving company. Procore acquired DroneDeploy for approximately $845.0 million in cash.

DroneDeploy Becomes a Wholly Owned Subsidiary

DroneDeploy continues as a wholly owned subsidiary of Procore following completion of the merger. Procore’s report was signed by Benjamin C. Singer, its Chief Legal Officer and Corporate Secretary, on September 9, 2026.