PERTH: Nanoveu Ltd. said Friday it will acquire Singapore-based Spinoff Robotics in a deal aimed at strengthening its defense and commercial drone offerings.
The acquisition will give Nanoveu full ownership of two proprietary drone platforms already in commercial use, along with Spinoff’s engineering team specializing in aerial robotics, mechanical design and sensing technologies. The move completes Nanoveu’s vertical integration across its drone autonomy stack, from silicon chips to airframes, according to an announcement.
“This acquisition is a defining step in the build-out of Nanoveu’s autonomous drone platform,” Nanoveu Executive Chairman Dr. David Pevcic said. “With proprietary airframes and sensing alongside our silicon and autonomy algorithms, Nanoveu is placed to own every layer of the stack required to ship validated reference designs into defense, critical-infrastructure security and industrial inspection.”
Spinoff’s technologies include ALICE, a tethered drone platform resistant to GPS spoofing and RF jamming, and METRON, a compact 3D photogrammetry system with AI-driven anomaly detection. Both have been validated with tier-one customers in Singapore, including Gardens by the Bay and the Land Transport Authority.
Nanoveu said the acquisition positions it to target defense, surveillance, tactical operations and hazardous facility inspection markets. The global military drone market is forecast to reach about $98.24 billion by 2033.
Under the agreement, Nanoveu will issue 3 million fully paid shares and 4 million performance rights tied to revenue, intellectual property integration and share price milestones. Settlement is expected by Aug. 31, pending regulatory approvals.
Dr. Chee How Tan, Spinoff’s co-founder and lead researcher, will join Nanoveu as part of the deal.
Nanoveu, listed on the Australian Securities Exchange under ticker NVU, specializes in advanced semiconductor, visualization and materials sciences.