Completion of the Acquisition of AirRobot

October 14th 2021 – Arnsberg, Germany

Nordic Unmanned today announced the closing of the acquisition of AirRobot GmbH, a leading German drone developer & manufacturer. The acquisition secures patented world-leading last-mile unmanned delivery technology & extends the product & customer portfolio as a system integrator.

Reference is made to Nordic Unmanned’s announcements on the 12th of July & 23rd of September regarding the acquisition of all shares in AirRobot GmbH.

As part of the settlement, the board of directors resolved, pursuant to the board authorisation granted by the ordinary general meeting held on 26 May 2021, to increase the company’s share capital by NOK 205,296, by issuance of 205,296 new ordinary shares, each with a nominal value of NOK 1, at a subscription price of NOK 36.50 per share, which corresponds to the opening price on 14 October 2021. The issuance of new shares is conditional upon registration of the share capital increase with the Norwegian Register of Business Enterprises. Following registration of the share capital increase, the Company will have 25,988,984 shares issued & outstanding, each with a par value of NOK 1 (i.e. excluding the 300,000 new ordinary shares to be issued in connection with the completion of the private placement towards employees & board members as announced on 13 October 2021).

“The German market is one of Nordic Unmanned’s most important markets & through this acquisition we will support existing & new customers in Germany with increased product portfolio & close customer support. Nordic Unmanned will also leverage AirRobot to enter the German drone service market, building on our existing service offerings & experience with ship emission monitoring, rail infrastructure & smart ports as the first areas of focus.”

Knur Roar Wiig, CEO Nordic Unmanned

Nordic Unmanned will leverage AirRobot’s German customer relationships, technical capabilities, & product portfolio to exp& customer relationships & offerings.

It is expected that AirRobot will generate revenue within all of Nordic Unmanned’s market segments (Maritime, Security, Infrastructure & Logistics) in 2022.

The technology build by the experienced AirRobot engineering team will be leveraged within Nordic Unmanned’s system integration portfolio, which will be further expanded into the Logistics market. A new joint R&D department will be managed by the group CTO of Nordic Unmanned, production will be managed by the group COO, & Björn Behrmann has been appointed as the General Manager of AirRobot.

About Nordic Unmanned

Nordic Unmanned delivers comprehensive data solutions through industry leading expertise, to assist both public & private customers in the transition to unmanned technology. The focus is to support demanding clients by collecting time-critical data with the use of unmanned technology.

Founded in 2014, the company has offices in Sandnes, Oslo & Frankfurt, & has quickly become one of Europe’s leading providers of unmanned systems & services, with operations across the continent. The company is ISO 9001-2015 certified by DNV-GL for the operation, design & development, production, maintenance & sale, of unmanned systems & sensor technology. Nordic Unmanned is listed on Euronext Growth Oslo (NUMND).