Axon Dedrone acquisition – DRONELIFE

Axon (Nasdaq: AXON), a leader in global public safety technology, has announced a definitive agreement to acquire Dedrone, a pioneer in airspace security. This merger aligns Axon’s mission to protect life with Dedrone’s expertise in managing drone threats and promoting beneficial drone use in public safety and national security sectors.

Rick Smith, Axon’s Founder and CEO, emphasized the strategic value of the merger: “By combining Axon’s 30-year legacy of innovation with Dedrone’s cutting-edge airspace security solutions, we aim to revolutionize public safety once again. Together, we will accelerate our efforts in creating a more advanced end-to-end drone solution that enables the good drones to fly and helps ensure the bad ones don’t.” Similarly, Aaditya Devarakonda, CEO of Dedrone, highlighted the mutual benefits of the collaboration: “Dedrone’s growing impact across industries such as federal governments, utilities and critical infrastructure, event venues, airports, correctional facilities and other enterprises, coupled with Axon’s powerful ecosystem of connected devices and software, will put us at the forefront of ensuring not only the safety of our communities but also the security of nations around the world.”

The acquisition, expected to close in the second half of 2024, is subject to customary closing conditions. The financial terms of the deal were not disclosed. Legal advisement for the transaction was provided by Sullivan & Cromwell LLP and Morgan, Lewis & Bockius LLP for Axon, and by Tidal Partners and Wilmer Cutler Pickering Hale and Dorr LLP for Dedrone.

Dedrone, recognized for its innovative command and control (C2) solutions to combat drone threats, has been acknowledged by TIME Magazine’s Best Inventions in 2023 and named a CNBC Disruptor 50 recipient for 2023. Axon, known for integrating hardware devices and cloud software solutions, continues to expand its global customer base across various sectors of public safety and security.

For more information about Dedrone and its services, please visit their official website at Dedrone. To learn more about Axon’s public safety solutions, visit Axon.