Nordic Unmanned ASA

M&A Activity • Sep 23, 2021

Nordic Unmanned receives clearance for the acquisition of AirRobot

Nordic Unmanned receives clearance for the acquisition of AirRobot

23.9.2021 14:10:18 CEST | Nordic Unmanned | Additional regulated information

required to be disclosed under the laws of a member state

Reference is made to Nordic Unmanned's announcement on the 12th of July,

regarding the acquisition of all shares in AirRobot. Nordic Unmanned has

received all relevant clearances from the German Federal Ministry of Economy and

Energy to move forward with the acquisition of AirRobot.

The acquisition can now be completed and the closing is expected to happen

shortly. Consolidation into Nordic Unmanned will happen from the date of

closing.

AirRobot has around 30 employees and is located in Arnsberg, Germany, where the

company has facilities of about 2000 square meters.

The next steps between Nordic Unmanned and AirRobot include:

- Closing of the acquisition and organizational integration.

- Integration of AirRobot systems and technologies together with Nordic Unmanned

systems, technologies and operations.

- Opening new markets to AirRobot's product portfolio within the Security and

Logistic market verticals.

- Further development of the delivery drone system.

"This is a great day for anyone associated with Nordic Unmanned and AirRobot. It

also forms an important step in our growth strategy and our focus towards the

very important German market. As we have mentioned before, the acquisition of

AirRobot gives us access to a strong and proven portfolio of products and

patents and really places Nordic Unmanned as a front runner in the global drone

market." said Knut Roar Wiig, CEO of Nordic Unmanned.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

ABOUT NORDIC UNMANNED

Nordic Unmanned delivers comprehensive data solutions through industry leading

expertise, to assist both public and private customers in the transition to

unmanned technology. The focus is to support demanding clients by collecting

time-critical data with the use of unmanned technology.

Founded in 2014, the company has offices in Sandnes, Oslo, and Frankfurt, and

has quickly become one of Europe's leading providers of unmanned systems and

services, with operations across the continent.The company is ISO 9001-2015

certified by DNV-GL for the operation, maintenance and sales of unmanned systems

and sensor technology.

For more information visit nordicunmanned.com - https://nordicunmanned.com/