M&A Deal Summary

XTEND Acquires Performance Rotors

On May 18, 2023, XTEND acquired machinery company Performance Rotors

Acquisition Highlights
  • This is XTEND’s 1st transaction in the Machinery sector.
  • This is XTEND’s 1st transaction in Singapore.

M&A Deal Summary
Date 2023-05-18
Target Performance Rotors
Sector Machinery
Buyer(s) XTEND
Deal Type Add-on Acquisition

Target

Performance Rotors

Singapore, Singapore
website
Performance Rotors is a drone inspection specialist that develops small, smart aerial drone solutions for deployment in dangerous and challenging confined space environments, making inspection work safer, more efficient, and cost-effective. Its team of hardware engineers, software developers, robotics, and computer vision experts has harnessed the power of custom-designed drones, AI, and data analytics to streamline operations, reduce costs, and eliminate hazards in heavy industries that are unparalleled by mainstream drones in the market. Performance Rotors is based in Singapore.

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Buyer(S) 1

Buyer

XTEND

Tel Aviv, Israel

website

Category Company
Sector Machinery
DESCRIPTION

XTEND provides revolutionary human-guided autonomous machine systems that enable any operator to perform extremely accurate manoeuvres and actions, in any environment with minimal training. The company's patented XOS operating system fuses the best of human intelligence and machine autonomy to enhance the operator's abilities, and simultaneously reduce the need for physical confrontation, thereby minimizing casualties and injuries. XTEND is based in Tel Aviv, Israel.

DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Singapore) 1 of 1
Year (2023) 1 of 1
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