Axon, the leading technology firm in public safety, today revealed a definitive agreement to acquire Dedrone, a top provider of airspace security solutions. This acquisition aligns with Axon's mission to Protect Life, leveraging Dedrone's technologies which are crucial for public safety and national security against the backdrop of growing drone threats. The integration of Dedrone will enhance Axon's capacity to secure communities and respond to critical incidents effectively, safeguarding more lives across various locations.
"By combining Axon’s 30-year legacy of innovation with Dedrone’s cutting-edge airspace security solutions, we aim to revolutionize public safety once again,” said Axon Founder and CEO Rick Smith. “Together, we will accelerate our efforts in creating a more advanced end-to-end drone solution that enables the good drones to fly and helps ensure the bad ones don’t.”
Dedrone Chief Executive Officer Aaditya Devarakonda commented, "Dedrone’s growing impact across industries such as federal governments, utilities and critical infrastructure, event venues, airports, correctional facilities and other enterprises, coupled with Axon’s powerful ecosystem of connected devices and software, will put us at the forefront of ensuring not only the safety of our communities but also the security of nations around the world."
Completion of this deal is pending customary closing conditions and is slated for the latter half of 2024. Details of the financial terms were not disclosed. Legal advisement for Axon was provided by Sullivan & Cromwell LLP and Morgan, Lewis & Bockius LLP, while Dedrone received counsel from Tidal Partners and Wilmer Cutler Pickering Hale and Dorr LLP regarding the transaction.
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