Ondas Holdings to Acquire Airobotics
8 August, 2022
Ondas expects to issue approximately 2.8 million shares as consideration to the Airobotics shareholders, implying an acquisition value of approximately $15.2 million
above: Airobotics Autonomous Drone Optimus is taking off
Ondas Holdings, announced that it has entered into a definitive merger agreement to acquire Airobotics, an Israeli developer of autonomous unmanned aircraft systems and automated data analysis and visualization platforms. Ondas expects to issue approximately 2.8 million shares as consideration to the Airobotics shareholders, implying an acquisition value of approximately $15.2 million. The acquisition is subject to certain conditions, including the receipt of Airobotics’ shareholder approval. The parties intend to complete the acquisition in the second half of 2022.
Silicon Valley-based Ondas plans to merge Airobotics with its wholly owned subsidiary American Robotics, a provider of the Fully-autonomous drone system Scout and its automatic charging and edge computing station ScoutBase. “Airobotics brings Ondas incredible talent, along with the Optimus System, a proven, world class automated drone platform,” said Eric Brock, Chairman and CEO of Ondas. “The combination of Airobotics with American Robotics creates a leading global provider of commercial drone solutions capable of scaling for customers. We believe the UAS industry will consolidate as the market transitions from development to growth.”
Airobotics has developed an unmanned fully automatic drone solution for collecting aerial data and gaining invaluable insights. The industrial grade platform is available on-site and on-demand, enabling industrial facilities to access premium aerial data in a faster, safer, more efficient way. The company was established in 2016 and raised approximately $120 million, but failed to reach largescale sales.
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