EOS Completes Interceptor Acquisition
Key points
- EOS acquires UK-based interceptor business from MARSS Group
- Acquisition broadens EOS' counter-drone effector portfolio and extends software/AI capabilities
- Further investment of up to A$10m over 3 years expected for commercial launch
Full summary
Electro Optic Systems Holdings Limited (EOS) has announced the completion of the transaction to acquire the UK-based interceptor business (the 'Interceptor') from MARSS Group. Under the A$10m (€5.5m) transaction, EOS has acquired all Interceptor assets as well as the specialist engineering team that developed the system. This acquisition broadens EOS' counter-drone effector portfolio, extends its software and AI capabilities, and initiates its presence in the United Kingdom, an important AUKUS partner market. The development of the advanced prototype is expected to take a further 12-24 months before full commercial launch, requiring further investment of up to A$10m over the next three years. Oaklins Henslow and Oaklins France acted as corporate advisors to EOS on this transaction.
Guidance
The acquisition is expected to require further investment of up to A$10m over the next three years for commercial launch.
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