Updated January 28, 2020 07:53:55Airbus has acquired aerial operator Movidius for $4.3 billion, the second time the company has acquired a startup.
Movidius, founded in 2014, has been developing aerial drones for the United States and Europe.
The company’s software has been used to fly unmanned aircraft, which it hopes will one day be able to provide a reliable and low-cost service for people and companies that need to collect data and make decisions in a very fast-paced world.
Airbus acquired Movidios for $1.2 trillion in 2016, the company’s largest acquisition in its nearly two decades of existence.
The deal brings the company into a wider group of companies that are expanding their operations with the help of drones.
It’s expected to expand Movidias drone business to include delivery services, surveillance, and other areas in the near future.
Airplane’s acquisition of Movidians drone software will help expand its drone capabilities.
The acquisition will also enable Airbus to leverage Movidious’ expertise in drone software to help the company accelerate its drone development efforts, said John Wozniak, CEO of Airbus Group.MOVIDUS drone software was developed by the same team that built the commercial versions of its commercial drones, which are powered by Airbus’ A320 and A330 aircraft.
In a recent earnings call, Movidus founder and CEO Daniel Shostak said that Movidia was now in the process of being acquired by Airbus, adding that the acquisition will accelerate its commercial drone technology.
The deal is expected to close in the fourth quarter of 2021.
The companies will continue to collaborate to expand the drone software base and expand Movids capabilities, the companies said in a statement.