Axon completes acquisition of Dedrone to enhance drone solutions for public safety

May 06, 2024•about 1 year ago

Acquiring Company

Axon

Acquired Company

Dedrone

San FranciscoScience And EngineeringConsumer ElectronicsPrivacy And SecurityConsumer Goods

Description

Axon, the global public safety technology leader, has entered into a definitive agreement to acquire Dedrone, a global leader in airspace security. The acquisition is expected to strengthen Axon's ability to help customers safeguard their communities, improve response to critical incidents, and protect even more lives in more places.

Company Information

Company

Axon

About

The Axon Network connects people, devices, and apps to protect life in all regards. From our TASER smart weapons, to police body cameras, to our industry-leading cloud-based evidence management software, we are the world’s premier public safety company and are committed to delivering safe, secure solutions for law enforcement, militaries, and citizens alike. We are Axon.

M&A Insights

Based on deal data

Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

Success factor

M&A deals with strong technology integration plans are 2.5x more likely to succeed