IMCO Group Acquires Israeli Drone Maker ‘Innocon’

  • Our Bureau
  • 12:39 PM, September 23, 2021
  • 4707
IMCO Group Acquires Israeli Drone Maker ‘Innocon’
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IMCO Group has acquired Innocon Ltd., a company that manufactures Micro, Mini and Tactical unmanned aerial systems (UAS) as well as mission systems for manned light airplanes.

IMCO Group’s subsidiary acquired Innocon’s assets and activities for NIS 3 million, plus an additional amount equal to 25% of the subsidiary’s net profit during 72 months from January 1, 2022, and up to a total and cumulative ceiling of NIS 1,750,000.

Eitan Zait, IMCO Industries CEO: “We will keep offering our customers affordable and innovative tactical terrain dominance solutions that include the utilization of unmanned aerial, ground and maritime vehicles, controlled by a central command center integrating unique advanced software and artificial intelligence solutions.”

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