AeroVironment, Inc. Completes Tomahawk Robotics Acquisition
18 Septiembre 2023 - 8:10AM
Business Wire
AeroVironment has completed its acquisition of Tomahawk
Robotics, a leader in AI-enabled robotic control and integrated
communications systems. AeroVironment signed a definitive agreement
to purchase Tomahawk Robotics in August for a total purchase price
of $120 million to be paid in a mix of cash and stock.
“Now that the acquisition is finalized, we’re able to further
integrate both companies’ technologies and accelerate our
implementation of AI and autonomy into AeroVironment’s platforms,
enabling us to offer the best solutions for our customers’
operational needs,” said Wahid Nawabi, AeroVironment’s Chairman,
President and CEO.
Tomahawk Robotics’ flagship AI-enabled control system, Kinesis,
is the most widely used solution for common controllers across U.S.
DoD and the greater defense industry. Pairing AeroVironment’s
unmanned systems with Tomahawk Robotics’ AI-enabled technology will
allow warfighters to operate various interconnected robotic
solutions on the battlefield and share information between multiple
domains and platforms with one common controller.
“We’re thrilled for Tomahawk Robotics’ employees to join
AeroVironment and we look forward to welcoming them into our
expanding team,” continued Nawabi. “Tomahawk employees will
contribute to the growth of our already talented workforce and are
joining AeroVironment’s culture of innovation and exploration in
which they can continue to develop in their careers.”
Tomahawk Robotics will become part of the Small UAS (SUAS)
business unit within AeroVironment’s Unmanned Systems segment.
AeroVironment plans to support all existing Tomahawk Robotics
customers and Tomahawk’s products will remain platform, market and
industry agnostic. AeroVironment also plans to introduce Tomahawk
Robotics’ solutions to the company’s growing customer base of more
than 55 allied nations.
ABOUT AEROVIRONMENT, INC.
AeroVironment (NASDAQ: AVAV) is a global leader in intelligent
multi-domain robotic systems, uncrewed aircraft and ground systems,
sensors, software analytics and connectivity. Headquartered in
Arlington, Virginia, AeroVironment delivers actionable intelligence
so our customers can proceed with certainty. For more information,
visit www.avinc.com.
SAFE HARBOR STATEMENT
Certain statements in this press release may constitute
"forward-looking statements" as that term is defined in the Private
Securities Litigation Reform Act of 1995. These statements are made
on the basis of current expectations, forecasts and assumptions
that involve risks and uncertainties, including, but not limited
to, economic, competitive, governmental and technological factors
outside of our control, that may cause our business, strategy or
actual results to differ materially from those expressed or
implied. Factors that could cause actual results to differ
materially from the forward-looking statements include, but are not
limited to, the risk that disruptions will occur from the
acquisition of Tomahawk Robotics that will harm our business or any
acquired business(es); any disruptions or threatened disruptions to
our relationships with our distributors, suppliers, customers and
employees; the ability to timely and sufficiently integrate
Tomahawk Robotics’ operations into our ongoing business and
compliance programs; our ability to perform under existing
contracts and obtain additional contracts; changes in the
regulatory environment; the activities of competitors; failure of
the markets in which we operate to grow; failure to expand into new
markets; failure to develop new products or integrate new
technology with current products; and general economic and business
conditions in the United States and elsewhere in the world. For a
further list and description of such risks and uncertainties, see
the reports we file with the Securities and Exchange Commission. We
do not intend, and undertake no obligation, to update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20230918712944/en/
MEDIA CONTACT Ashley Riser AeroVironment, Inc. +1 (805)
750-6176 pr@avinc.com
INVESTOR CONTACT Jonah Teeter-Balin +1 (805) 520-8350
x4278 https://investor.avinc.com/contact-and-faq/contact-us
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