Draganfly to Buy DoD Solution in All-Stock Deal
The drone maker said the combination will fold DoD Solution’s defense-focused unmanned systems into its existing product line.
Draganfly Inc. (DPRO) agreed to acquire DoD Solution in an all-stock transaction.
The combination will fold DoD Solution’s defense-focused unmanned systems into Draganfly’s existing product line.
The deal is structured as an all-stock combination, with no cash consideration disclosed in the announcement.
The acquisition is expected to expand Draganfly’s defense and public-safety offerings by adding DoD Solution’s platforms to the systems Draganfly already sells.
The transaction is subject to customary closing conditions.