Some consolidation in the drone industry this morning as Ondas Holdings, the company behind Waltham, Massachusetts-based American Robotics, announced plans to acquire Airobotics. It’s admittedly been a few years since we covered the latter, when the Israeli company announced a combined $28.5 million A/B round.
To date, the company has raised $130 million since its founding in 2014. American Robotics, meanwhile, was acquired by Ondas in August last year.
The new deal should prove to be a good fit, as the two companies play similar roles in the broader industrial drone space. While there is bound to be some redundancy, Ondas notes that such a merger would give the combined companies a better global presence in a growing category.
The companies write in a joint press release,
The combination of the two companies brings together cutting-edge engineering and aviation talent, regulatory leadership and world-class technology platforms, providing a unique opportunity to deliver a broader range of solutions and services to customers in accelerated timeframes. Additionally, the combined companies offer the potential to be a truly global provider of automated drone solutions for commercial markets, allowing multinational customers and governments to focus their UAS programs with the leading solution provider.
American Robotics’ main game is Scout, a fully autonomous drone system that can operate in remote locations without direct human supervision. Similarly, Airobotics offers an all-in-one autonomous drone solution. The company’s Optimus drone launches from an automated docking space that serves as a base and transmits data to the quadcopter. Applications include emergency response, mapping and surveying.
“American Robotics and Airobotics have matured different elements of the DIB ecosystem, and this business combination enables an accelerated set of offerings that reinforces our leadership position in a broader set of market opportunities,” said Reese Mozer, CEO. from American Robotics, to TechCrunch. “In other words, in the short term, we will learn from each other to further mature our respective systems. In the longer term, the Scout system and the Optimus system will be different models existing within the same product family. , each specializing in a different set of use cases. See the attached infographic highlighting the key differences between the two current platforms.
The joint companies will continue their activities in the United States and Israel, and will have an office in Asia. Mozer expects Airobotics to maintain its existing staff. The brands, meanwhile, will remain differentiated in the near term, with Airobotics eventually being integrated into the American Robotics banner.
Based on current stock prices, the transaction is currently valued at $18.4 million. His deal is expected to close in the fourth quarter.