By Alexei Oreskovic
(Reuters) – Google Inc has acquired solar-powered drone maker Titan Aerospace as the Web search giant ramps up plans to deliver wireless Internet access to remote parts of the world.
Titan Chief Executive Vern Raburn declined to provide information on the price of the deal, which he said closed on Monday morning.
The 20-person company will remain in New Mexico for the foreseeable future, Raburn said, with all employees joining Google.
The deal could further Google’s efforts to deliver Internet access to remote regions of the world. Last year Google launched a small network of balloons designed to deliver Internet access over the Southern Hemisphere, dubbed as Project Loon. READ MORE