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  6. Universal Power Industry Acquires WavDrone

M&A Deal Summary

Universal Power Industry Acquires WavDrone

On September 26, 2019, Universal Power Industry acquired information technology company WavDrone

Acquisition Highlights
  • This is Universal Power Industry’s 1st transaction in the Information Technology sector.
  • This is Universal Power Industry’s 1st transaction in the United States.
  • This is Universal Power Industry’s 1st transaction in California.

M&A Deal Summary
Date 2019-09-26
Target WavDrone
Sector Information Technology
Buyer(s) Universal Power Industry
Deal Type Add-on Acquisition

Target

WavDrone

Palo Alto, California, United States
WavDrone LLC is a startup that specializes in drone technology. WavDrone is based in Palo Alto, California.

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Buyer(S) 1

Buyer

Universal Power Industry

Great Neck, New York, United States
Category Company
Sector Business Services
DESCRIPTION

Universal Power Industry Corp. is a diversified holding company that owns, invests and or manages select businesses, and on special opportunities will provide financing solutions to companies at various developmental stages.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
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