By Anissa Gardizy Globe Staff, Updated August 5, 2021
A small Marlborough company that makes drones is taking off for the public market. American Robotics, with 20 employees, completed its merger with Ondas Holdings, a publicly traded holding company, on Thursday in a mostly stock transaction valued at about $71 million.
The acquisition comes roughly six months after American Robotics won a landmark approval from the Federal Aviation Administration to operate fully autonomous drones without a human operator on the ground. Previous approvals have required someone to monitor the drone at all times, never letting it leave a visual line of sight. That has made it a difficult technology to deploy widely, especially in the remote areas that American Robotics is focused on.
Source: Boston Globe