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Home Market Research Startups

AI meets aerospace: Dutch UAV maker Destinus to acquire Swiss aviation AI startup Daedalean for $225M

by TheAdviserMagazine
1 year ago
in Startups
Reading Time: 1 min read
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AI meets aerospace: Dutch UAV maker Destinus to acquire Swiss aviation AI startup Daedalean for 5M
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Katwijk, the Netherlands-based Destinus, a developer of flight systems for civil and defence applications, has announced the acquisition of Zurich-based Daedalean AG, a company specialised in aviation AI solutions.

The transaction, valued at CHF 180M (approximately €192M or $225M), will be a combination of cash and stock.

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Tags: 225MacquireAerospaceAviationDaedaleanDestinusDutchmakerMeetsStartupSwissUAV
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