M&A Deal Summary

UAV Factory Acquires Jennings Aeronautics

On September 14, 2021, UAV Factory acquired aerospace company Jennings Aeronautics

Acquisition Highlights
  • This is UAV Factory’s 1st transaction in the Aerospace sector.
  • This is UAV Factory’s 1st transaction in the United States.
  • This is UAV Factory’s 1st transaction in California.

M&A Deal Summary

Date 2021-09-14
Target Jennings Aeronautics
Sector Aerospace
Buyer(s) UAV Factory
Deal Type Add-on Acquisition
Advisor(s) Orrick (Legal)

Target

Jennings Aeronautics

San Luis Obispo, California, United States
website
Jennings Aeronautics is a provider of Small Unmanned Aerial Systems. Jennings Aeronautics is based in San Luis Obispo, California.

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Buyer(S) 1

Buyer

UAV Factory

Riga, Latvia

website


Category Company
Founded 2009
Sector Defense
DESCRIPTION

UAV Factory develops and produces fixed-wing UAV, UAV subsystems, stabilized EO/IR camera payloads, and accessories for the unmanned and manned aircraft industry. UAV Factory heavily invests in research and development and manufactures most of its UAV subsystems in-house. UAV Factory was founded in 2009 and is based in Riga, Latvia.


DEAL STATS #
Overall 1 of 1
Sector (Aerospace) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1