M&A Deal Summary

Anduril Acquires Area-I

On May 19, 2021, Anduril acquired aerospace company Area-I

Acquisition Highlights
  • This is Anduril’s 1st transaction in the Aerospace sector.
  • This is Anduril’s 1st transaction in the United States.
  • This is Anduril’s 1st transaction in Georgia.

M&A Deal Summary
Date 2021-05-19
Target Area-I
Sector Aerospace
Buyer(s) Anduril
Deal Type Add-on Acquisition
Advisor(s) BlackArch (Financial)

Target

Area-I

Marietta, Georgia, United States
website
Area-I is an aerospace company dedicated to the development of state-of-the-art Unmanned Aircraft Systems (UAS). Area-I specializes in the design, prototyping, systems integration, flight controls, and flight testing of unmanned systems. Area-I was founded in 2009 and is based in Marietta, Georgia.

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Buyer(S) 1

Buyer

Anduril

Washington, District of Columbia, United States

website

Category Company
Founded 2017
Sector Defense
DESCRIPTION

Anduril is a defense technology company with the mission to transform U.S. and allied military capabilities with advanced technology. Anduril utilizes advancements including AI, computer vision, sensor fusion, optics and automation to radically transform U.S. defense capabilities and solve complex national security challenges. Anduril was founded in 2017 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 1 of 3
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 3
State (Georgia) 1 of 1
Country (United States) 1 of 3
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 Dive Technologies

Quincy, Massachusetts, United States

Dive Technologies designs, develops, and deploys premier autonomous underwater vehicles for large-scale commercial and defense data collection. Utilizing deep domain expertise, the company is building highly scalable and flexible, fastest to the sea, and best-in-class AUV platforms that combine purpose-driven technology with an intuitive architecture to help customers rapidly and efficiently collect subsea data. Dive Technologies was formed in 2018 and is based in Quincy, Massachusetts.

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