Aerodrome takes advantage of the company’s increase in value and embarks on a shopping spree – the capital market

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Aerodrome Group
+ 19.11%

Base:425.5

opening:438

Tall:519.9

low:425

change:7,394,466

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Reported on three deals signed by the company in its field. The company has fully acquired the ace. G. C Knowledge Transfer (SGC) Which deals with security activities. The Company has acquired exclusive distribution rights for the security activities of NPO Systems (NPO) Operating in the field of managing and improving performance in the production and maintenance of military systems, including unmanned aerial vehicles. The company also acquired the option to buy 51% of the company’s NPO shares in the future.

Aerodrome, engaged in the operation and maintenance services of unmanned aerial vehicles (UAVs), began trading on the stock exchange through a merger with the stock skeleton of Apple Technologies, a deal completed on April 22 this year, since the stock has doubled in value.

SGC is a private company engaged in knowledge transfer, engineering services, training, support and technical services and development of augmented reality means by using augmented reality technologies for training purposes with specialization in the security field. The company closed 2020 with revenues of about NIS 10 million and a profit of NIS 1 million (uncontrolled data). Aerodrome acquires the company for NIS 10 million, and will allocate new shares worth NIS 1.2 million to existing shareholders.

Exit after a year and a half

NPO was established in May 2019 and developed a system called “Plus Next”. The software deals with the field of improving performance in the production and maintenance of complex military and civilian systems, including manned aircraft and their systems. NPO grants its customers, in Israel and around the world, licenses to use the software, including support, maintenance and implementation services. According to Aerodrome, NPO revenues totaled NIS 3.3 million.

The company will acquire NPO’s activities in the defense field, existing and future, including all contracts with customers operating in the defense market in Israel and abroad. The agreement establishes a revenue sharing mechanism between the company and NPO for selling licenses to defense market customers, while separating existing customers. New.

Upon completion of the SGC transaction, the Company will receive an option to acquire the full holdings of the sellers in SGLC, which holds approximately 51% of the issued capital of NPO. The option will be exercisable over a period of 3.5 years from the date of completion of the transaction. The consideration to the sellers for granting the option is a total of NIS 5 million.