Announced

AeroVironment to acquire Telerob for $62m.

Synopsis

AeroVironment, a provider of unmanned aircraft systems, agreed to acquire Telerob, a ground robotic solutions provider, for $62m. "Acquiring Telerob marks a significant step toward achieving AeroVironment’s goal of offering an integrated portfolio of intelligent, multi-domain robotic solutions in response to evolving threat environments and customer requirements for more effective, rapid and cost-effective capabilities. Telerob’s advanced, proven ground robotic solutions provide a valuable capability to complement our market leading tactical UAS and tactical missile solutions and address a broader set of missions for our customers," Wahid Nawabi, AeroVironment President and CEO.

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