Wednesday, July 6, 2022
  • Login
  • Register
  • Defence Community
  • Magazines
  • Advertise
  • What we sell
  • Press Release
No Result
View All Result
Military Africa
Advertisement
ADVERTISEMENT
  • Defence Community
  • Magazines
  • Advertise
  • What we sell
  • Press Release
No Result
View All Result
Military Africa
No Result
View All Result

Israeli Avnon Group acquires equity stake in South Africa’s UAV maker ALTI

Sarah Lesedi by Sarah Lesedi
September 23, 2021
in UAS and C-UAS
Reading Time: 2 mins read

Israeli Avnon Group has acquired an equity stake in South Africa’s Unmanned Aircraft Systems designer and manufacturer ALTI.

Avnon Group which provides military-level intelligence and surveillance information for use by its civilian and military client’s via its subsidiary iSTAR made a statement that it has agreed to acquire a substantial equity stake in ALTI Unmanned Aircraft Systems, an award-winning hybrid UAS developer and manufacturer specializing in vertical take-off and landing UAVs designed for the security and surveillance sector.

You Might Also Like

Cameroon military drones – Unmanned Aerial Vehicles (UAV)

South Africa military drones – Unmanned Aerial Vehicles (UAVs)

South Africa’s OTT Technologies, LMT Products, and ADG Mobility merges into OTT Group

South Africa’s SAS Spioenkop returns from Mozambique

ADVERTISEMENT

This recent collaboration is coming after United States’ Argentech – a systems integrator and UAV training provider, partnered with ALTI to supply the US government with a vertical takeoff and landing (VTOL) testing vehicle.

military.africa/2020/08/alti-and-argentech-team-up-for-vertical-take-off-uav-business-in-us

In the statement by Avnon, the acquisition by Avnon Group will forge a strong long term partnership ultimately resulting in the development of more advanced aircraft systems.”

“The acquisition is part of Avnon Group strategy to strengthen its position in the drone market and will allow the group to improve competitiveness of solutions and being able of offer a comprehensive solution combining UAVs with other offerings for homeland security (HLS) missions.

“Operations in South Africa will continue and at the same time we will start producing UAVs in a new co-production centre for group subsidiaries in Israel,” Aviad Matza, chief executive of Avnon Group’s HLS division, said. “There is a growing demand for VTOL UAV’s from military and government forces and ALTI has advanced capabilities in this field.”

“We are excited about our new partners. Avnon brings experience and international reach and ALTI will continue to push the boundaries creating world leading unmanned systems” Duran De Villiers, ALTI shareholder and director, said.

ADVERTISEMENT
Advertisement. Scroll to continue reading.

Related

Advertisements
Tags: ALTISouth AfricaUAV
Share128Tweet80

You should see this

Djibouti bayraktar tb2

Djibouti newest user of deadly Bayraktar TB2 drone

June 27, 2022
Kenyan military drones (UAV)

Kenyan military drones (UAV)

June 18, 2022
Ethiopian military drones (UAV)

Ethiopian military drones (UAV)

June 18, 2022
Cameroon military drones – Unmanned Aerial Vehicles (UAV)

Cameroon military drones – Unmanned Aerial Vehicles (UAV)

June 8, 2022

Sign up for our Newsletter

ADVERTISEMENT
No Result
View All Result
  • Defence Community
  • Magazines
  • Advertise
  • What we sell
  • Press Release

© 2021 Military Africa

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In