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Drone Developer Sold for $15.2M

Written by Scarlett Evans | 16th August 2022

Ondas Holdings is set to acquire Israeli drone developer Airobotics in a $15.2 million merger. The deal is hoped to boost Ondas’ mission-critical IoT offerings and accelerate the rapidly developing unmanned aerial vehicle (UAV) industry.

Under the deal, Airobotics will be combined with American Robotics, which Ondas Holidays purchased for $70.6 million in May of 2021.

Source: IOT World Today


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