American Robotics to acquire Israeli drone leader

Airobotics

The commercial drone industry is consolidating in advance of loosening regulations and is on the precipice of widespread global adoption in a variety of sectors. The latest example comes as commercial drone company American Robotics, Inc. and its parent Ondas Holdings Inc. have agreed to acquire Israeli drone company AIROBOTICS Ltd. in a major deal that consolidates each company's technologies.

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This is a story of larger trends in the sector. The commercial drone industry is expected to grow at a compound annual growth rate of 57% from 2021 to 2028 as a result of the need for better data and analytics that only drones provide. American Robotics has prioritized working with the Federal Aviation Administration (FAA) to manufacture devices that can safely and successfully operate under the Aviation Rulemaking Committee (ARC) and FAA guidelines. Anticipation of the FAA's acceptance of commercial drones beyond visual line of sight has sent the space into overdrive while spurring investment and consolidation.

"Airobotics' Optimus System is a sophisticated automated drone platform designed for high-value use cases in industrial, homeland security and smart city services markets," said Eric Brock, Chairman and CEO of Ondas. "The proposed acquisition of Airobotics will provide strategic technology, regulatory, and business capabilities to both American Robotics and Ondas Networks, opening new geographies and end markets and further strengthening our ability to deliver complete end-to-end solutions for customers on a global scale. This opportunity demonstrates the leadership role Ondas Networks and American Robotics currently have in defining next-generation, mission-critical industrial data solutions and signals a new growth phase for the commercial drone sector."

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