Intel (Nasdaq: INTC) signed a definitive agreement to acquire Ascending Technologies, a Krailling, Germany-based drone developer and manufacturer.
The amount of the deal, still subject to customary closing conditions, was not disclosed.
With the acquisition, Intel aims to increasingly integrate the computing, communications, sensor and cloud technology required to make drones smarter and more connected. According to a written note, the computing giant plans for the Ascending Technologies team to continue supporting their current customers while also collaborating with Intel’s Perceptual Computing team to develop UAV technology.
Ascending Technologies is a developer and manufacturer of autopilot systems, unmanned aircraft systems and multi-rotor technology for professional, civil and research UAS applications. Currently, it has over 1,000 advanced drones in professional and research operation worldwide.
FinSMEs
07/01/2016