IMCO Group acquires Innocon
Turnkey solutions provider IMCO expands into the UAS sector with the acquisition of fellow Israeli firm Innocon.
IMCO Group announced on 23 September that one of its subsidiaries has acquired the assets and activities of Innocon.
The deal is worth NIS3 million ($) plus an additional amount equal to 25% of the subsidiary’s net profits during a six-year period starting from 1 January 2022.
The acquisition followed an MoU between IMCO and Innocon in February 2021 to develop UAS solutions for the defence and homeland security markets.
Innocon is known for developing and manufacturing micro-, mini- and tactical UAS as well as mission systems for crewed light aircraft. IMCO will fold these capabilities into its portfolio of turkey air, ground, and naval solutions for the Israeli MoD.
As a result, IMCO stated that it will now be able to provide innovative tactical terrain dominance solutions that include the utilisation of UAVs, UGVs and USVs, controlled from a central command centre integrating various advanced software and AI solutions.
More from Air Warfare
-
![Loyal wingman programmes gather pace as US and European procurement plans take shape]()
Loyal wingman programmes gather pace as US and European procurement plans take shape
Northrop Grumman, Airbus and Anduril are positioning their uncrewed aerial vehicles for future collaborative combat aircraft contracts in a market that is forecast to exceed $36 billion.
-
![India’s military integration drive faces interoperability hurdles]()
India’s military integration drive faces interoperability hurdles
Senior military leaders have highlighted the need for interoperable systems, common data standards and closer cooperation between India's armed services.
-
![UK A400M Saudi deployment highlights airlifter’s role as Airbus pursues upgrades]()
UK A400M Saudi deployment highlights airlifter’s role as Airbus pursues upgrades
Airbus is developing new capabilities for its A400M transport aircraft as European countries consider future airlift requirements and the UK plans to deploy the aircraft to Saudi Arabia.
-
![The new generation of defence companies emerging from the US UAV boom]()
The new generation of defence companies emerging from the US UAV boom
As the Pentagon accelerates procurement of low-cost, lethal UAVs through its Drone Dominance Program, emerging suppliers will need to demonstrate manufacturing capacity, supply chain resilience and reliability.
