M&A Deal Summary

AeroVironment Acquires Planck Aerosystems

On August 17, 2022, AeroVironment acquired aerospace company Planck Aerosystems

Acquisition Highlights
  • This is AeroVironment’s 4th transaction in the Aerospace sector.
  • This is AeroVironment’s 4th transaction in the United States.
  • This is AeroVironment’s 2nd transaction in California.

M&A Deal Summary

Date 2022-08-17
Target Planck Aerosystems
Sector Aerospace
Buyer(s) AeroVironment
Deal Type Add-on Acquisition
Advisor(s) Canaccord Genuity Corp. (Financial)

Target

Planck Aerosystems

San Diego, California, United States
website
Planck Aerosystems develops and deploys navigation and autonomy solutions for tethered and free flight small unmanned aircraft systems that enable them to operate from moving platforms, including in GPS-denied environments, primarily for defense and industrial applications. Planck Aerosystems was founded in 2014 and is based in San Diego, California.

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Buyer(S) 1

Buyer

AeroVironment

Arlington, Virginia, United States

website


Category Company
Founded 1971
Sector Aerospace
Employees1,214
Revenue 446M USD (2022)
DESCRIPTION

AeroVironment is a technology solutions provider that designs, develops, produces, supports and operates an advanced portfolio of Unmanned Aircraft Systems (UAS) and electric transportation solutions. AeroVironment was founded in 1971 and is based in Arlington, Virginia.


DEAL STATS #
Overall 5 of 6
Sector (Aerospace) 4 of 4
Type (Add-on Acquisition) 4 of 5
State (California) 2 of 2
Country (United States) 4 of 5
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 Intelligent Systems Group

Manassas, Virginia, United States

Intelligent Systems Group is a development of artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies and provider of related services to United States government customers. Intelligent Systems Group was founded in 2006 and is based in Manassas, Virginia.

Buy $30M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-22 Tomahawk Robotics

Melbourne, Florida, United States

Tomahawk Robotics is an AI-enabled robotic control system that operates Kinesis Ecosystem, an AI-enhanced and open architecture common control system that integrates the network of battle-proven UxVs, sensors, and 3rd party software seamlessly onto a single pane of glass. Tomahawk Robotics was formed in 2018 and is based in Melbourne, Florida.

Buy $120M