AeroVironment to Acquire Tomahawk Robotics for $120 Million
August 22, 2023
AeroVironment announced its anticipated acquisition of Tomahawk Robotics, acquiring 100% of Tomahawk Robotics’ equity for a total purchase price of $120 million paid in a mix of cash and stock. The deal is intended to deepen integration between AeroVironment’s unmanned systems and Tomahawk Robotics’ AI-enabled robotic control technology to improve interoperability across connected unmanned systems.
- Buyers
- AeroVironment, Inc.
- Targets
- Tomahawk Robotics
- Industry
- AI & Machine Learning
- Location
- Florida, United States
- Transaction Type
- Buyout
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