M&A Deal Summary

Tonner Drones Acquires Sightec

On March 24, 2021, Tonner Drones acquired software company Sightec

Acquisition Highlights
  • This is Tonner Drones’ 1st transaction in the Software sector.
  • This is Tonner Drones’ 1st transaction in Israel.

M&A Deal Summary

Date 2021-03-24
Target Sightec
Sector Software
Buyer(s) Tonner Drones
Deal Type Add-on Acquisition

Target

Sightec

Tel Aviv, Israel
Sightec is a start-up that develops machine vision software for autonomous flights including automatic navigation and landing solutions that turn off-the-shelf cameras into smart sensors and make drones more intelligent and autonomous, capable of analyzing and managing their entire environment in real-time. Sightec was formed in 2010 and is based in Tel Aviv, Israel.

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Buyer(S) 1

Buyer

Tonner Drones

Cannes, France

Category Company
Founded 2011
Sector Aerospace
Employees403
Revenue 13M EUR (2022)
DESCRIPTION

Tonner Drones is a designer and manufacturer of commercial and civilian drones. Tonner Drones was founded in 2011 and is based in Cannes, France.


DEAL STATS #
Overall 2 of 3
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
Country: Israel M&A 1 of 1
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 DIODON Drone Technology SAS

Labege, France

DIODON Drone Technology SAS designs and manufactures all-terrain drones for use in rough environments. DIODON Drone Technology was formed in 2016 and is based in Labege, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-16 Arvista

Perth, Australia

Arvista is a provider of aerial and terrestrial surveying services for the mining, engineering, and construction industries. Arvista was founded in 2012 and is based in Perth, Australia.

Buy -