Ondas Holdings announces definitive agreement to acquire American Robotics

Evidence notes

• Ondas entered a definitive agreement to acquire American Robotics for consideration valued at approximately $70.6 million in cash and equity.
• American Robotics brought the Scout autonomous drone-in-a-box system and FAA approval for automated BVLOS operations without an on-site human operator.
• The companies planned to combine Scout with Ondas FullMAX connectivity for continuous industrial data collection across infrastructure, utilities and agriculture.