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Business/Financial

AeroVironment Enters Unmanned Ground Vehicle Space With Telerob Acquisition

By Cal Biesecker

Tuesday, December 8th, 2020

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AeroVironment Enters Unmanned Ground Vehicle Space With Telerob Acquisition

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…

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