SaverOne signs term sheet to acquire 33.3% of Gryphen Aircraft Industries

Corporate ActionM&A · Partnership
โดย GlobeNewswire·Read original
Summary · why it matters

SaverOne 2014 Ltd. has entered a non-binding term sheet to acquire a 33.3% stake in Italian defense technology company Gryphen Aircraft Industries for an initial investment of €5.0 million, with an option to increase its ownership to 53% at a €30 million valuation. The investment is intended to accelerate Gryphen's development of a NATO Class-3 and US Group-5 Medium/High Altitude Long Endurance Remotely Piloted Aircraft System based on existing civilian aircraft platforms. Under the proposed terms, SaverOne would later invest an additional amount to reach a total of €8.33 million, and would have the right, exercisable between nine and 24 months after closing, to raise its stake to 53%. The transaction marks SaverOne's entry into the military UAV market and follows its previously announced strategic expansion into defense and security through a partnership with VisionWave Holdings. Gryphen brings over 30 years of aviation heritage, a 4,000-square-meter production facility, and more than 1,000 aircraft manufactured.

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Gryphen Aircraft Industries SrlPrivate▲ Positive
Capitalrelevance

SaverOne's investment provides capital to accelerate Gryphen's UAV development.

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