.
MergerLinks Header Logo

New Deal


Announced

Completed

Shield AI completed the acquisition of Martin UAV.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Domestic

Private

Acquisition

United States

Friendly

Single Bidder

Majority

aerospace company

Aerospace

Completed

Synopsis

Edit

Shield AI, a fast-growing technology company that develops artificial intelligence and self-driving car technologies for the defense industry, completed the acquisition of Martin UAV, an aerospace company. Financial terms were not disclosed. "GPS and communications on the battlefield are no longer assured. A great aircraft without an AI to make intelligent decisions will be sidelined against China, Russia, and an increasing number of adversaries who are fielding electronic warfare and anti-air systems. Shield AI is one of the only companies that has operationalized advanced aircraft autonomy on the battlefield. Hivemind will make V-BAT the first and only Group 3 UAS built for sustained operations in denied environments," Ruben Martin, Martin UAV CEO.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US