AeroVironment Acquires Tomahawk Robotics
The acquisition aims to integrate technologies from both companies to improve interoperability and connectivity of unmanned systems on a unified platform.
Acquirer: AeroVironment (NASDAQ: AVAV)
Location: Arlington, VA
Acquisition Details: Acquired Tomahawk Robotics, based in Melbourne, FL
Purchase Amount: $120M, paid in a mix of cash and stock
About Tomahawk Robotics:
Founders: Brad Truesdell and Matt Summer
Founded: 2018
Specialization: AI-enabled robotic control systems. Tomahawk Robotics developed the Kinesis Ecosystem, which centralizes control of various unmanned vehicles, sensors, and software through an AI-enhanced platform called Kinesis.
Purpose of Acquisition:
The acquisition aims to integrate technologies from both companies to improve interoperability and connectivity of unmanned systems on a unified platform.
About AeroVironment:
Leadership: CEO Wahid Nawabi
Specialization: Multi-domain robotic systems, uncrewed aircraft, ground systems, sensors, software analytics, and connectivity.
