By Robotics 24/7 Staff · May 17, 2021
Ondas Holdings Inc. today announced that it has entered into a definitive agreement to acquire American Robotics Inc. for about $70.6 million. The companies said the acquisition will lead to the integration of Ondas' proprietary, software-based wireless broadband technology with American Robotics' fully automated commercial drone systems. The combination of automation, data collection, and artificial intelligence-powered analytics will facilitate maintenance, monitoring, and operation of critical infrastructure, they said.
“We are excited to bring American Robotics into the Ondas fold,” stated Eric Brock, chairman and CEO of Ondas. “At the end of the day, the drone industry’s product is data, not aircraft. The drone is the ultimate data-gathering edge device for mission-critical operations, solving a huge pain point for Ondas’ industrial and government customers and ecosystem partners.”
Source: Robotics 24/7