From Globes (Israeli business news), June 1:
Motorola Solutions to buy Israeli co D-Fend for $1.5b
The Ra’anana-based startup, which has developed counter-drone technology, will become the most expensive-ever acquisition of an Israeli defense company.
Motorola Solutions (NYSE: MSI) today announced it has entered into a definitive agreement to acquire Israeli counter-drone technology company D-Fend Solutions for $1.5 billion cash. This is the biggest ever acquisition of an Israeli defense technology company.
Motorola Solutions has been active in Israel since the 1960s and has hundreds of employees in Israel developing communication and liaison systems for the police, the army and security organizations. The Israeli acquisition will bring Motorola Solutions into the drone market in an activity that will continue to operate from D-Fend’s headquarters in Raanana, with the startup's 250 employees to move to Motorola in exchange for tens of millions of dollars in bonuses and shares.
D-Fend has developed a drone interception system that swiftly locates drones, takes control of them remotely using radio waves, and lands them safely in a place where they will not cause collateral damage. Despite the variety of potential military applications on the battlefields of Lebanon and Ukraine, the company’s technology is mainly used for civilian facilities: airports, border stations, stadiums and strategic facilities that require special protection....
The company is not a startup so we changed the headline.
