The shareholders of leading German drone developer and manufacturer AirRobot have sold 100 percent of their shares to Norwegian technology company Nordic Unmanned (Euronext Oslo «NUMND»). The transaction is subject to Investment Control Approval from German authorities and is expected to take place before year end.
AirRobot is a long-standing supplier for the German armed forces (“Bundeswehr”) of both drone systems and Maintenance, Repair and Overhaul services. The Arnsberg-based company possesses a line of proprietary drone systems with more than 16 000 flight hours to date. Key technologies include its last-mile delivery drone solution – a complete, patented and highly scalable logistic last mile platform concept for global clients.
Find more:
www.youtube.com/watch
Nordic Unmanned (Euronext Oslo «NUMND»), a company founded in 2014 with offices in Sandnes, Oslo and Frankfurt, is one of Europe’s leading providers of unmanned systems and services.
GvW advised the shareholders of AirRobot on this transaction through Titus Walek (lead, M&A), Jan Hüniken (M&A), Dr Michael Engel (tax), Karsten Kujath (employment), Dr Joachim Mulch (IP) and Marian Niestedt (foreign trade).
GvW Graf von Westphalen advised the transmission system operator 50Hertz on the award of a major contract for the North Sea Connector 2 offshore grid connection project. The project involves the planning, construction, installation and commissioning of a converter system comprising an offshore converter platform in the North Sea and an onshore converter station in Mecklenburg-Western Pomerania. The North Sea Connector 2 project is intended to connect offshore wind farms in the North Sea to the German electricity grid in future.
GvW Graf von Westphalen has advised Primepulse and Vsquared Ventures on the Series C financing round of NEURA Robotics GmbH. The transaction ranks among the largest venture financing rounds in the European startup ecosystem to date.
GvW Graf von Westphalen has advised Ethereal Space, Inc., a pioneering commercial space company, on space and satellite law matters and the establishment of its affiliate Ethereal Space GmbH.
You don't want to miss any more of the latest legal developments? And be invited to our events? Then register here.
