What Happened
Defense Tech Firm Expands Unmanned Ground Vehicle Capabilities
Swarmer, a defense technology company, has entered into a definitive agreement to acquire Ratel Robotics, a leading Ukrainian unmanned ground vehicle manufacturer, for up to $224 million. The acquisition expands Swarmer’s capabilities in autonomous systems and adds over 300 employees to its workforce. Ratel Robotics has secured $86 million in contracts this year and its products account for 37% of Ukraine’s UGV procurement, as reported by Unknown Source.