
Unmanned aircraft system developer and manufacturer AeroVironment [AVAV] on Tuesday said it has agreed to acquire Germany’s Telerob for $45.4 million in cash, a deal that gives it products and customers in the market for unmanned ground vehicles (UGVs). In addition to the acquisition price, California-based AeroVironment said it will pay off about $9.4 million in Telerob’s debt at closing and pay up to another $7.3 million over three years based on certain milestones being achieved. Telerob has customers in…