Dallas-based communications technology company COMSovereign Holding (Nasdaq: COMS) has acquired Israel-based aerial rotorcraft developer Sky Sapience in a $12.7 million deal that combines $2.7 million in cash and 2.55 million in stock.
Sky Sapience offers the HoverMast tethered drone product line for airborne wireless network deployment, big event monitoring and border security applications, COMSovereign said Monday.
The combined entity aims to bring aerial platforms to the departments of Homeland Security and Defense.
“The benefits of tethered aerial platforms in providing critical communications during emergencies or enhanced security and situational awareness through 24×7 aerial monitoring of critical infrastructure and along national borders, is well known,” said Dan Hodges, chairman and CEO of COMSovereign.
Hodges added that Sky Sapience’s fiber-optic tether system could drive the implementation of airborne 4G or 5G connectivity along with surveillance payload technology in a single platform.
COMSovereign describes itself as a pure-play provider of LTE and next-generation telecommunication systems. Its drone aviation unit builds deployable aerostats and unmanned aerial vehicles designed to support government and commercial surveillance or communication operations.