Volatus to buy Lithuania's AISPECO for $10.5M in aerial-intelligence push
What's the deal? Canada's Volatus AerospaceDealroom has a profile for this one. Try Dealroom → has agreed to acquire 100% of AISPECODealroom has a profile for this one. Try Dealroom →, a Vilnius, Lithuania-based maker of modular airborne sensor systems and flight-management software, for $10.5 million. The base consideration splits into $3 million in cash and $7.5 million in Volatus shares, with up to $2.5 million more tied to milestones over three years.
What each side brings: Volatus operates piloted and remotely piloted aircraft for defence and commercial customers. AISPECO's HELIUX pods, FOCUS gimbal, CORE electronics and ROBINCOP software support multiple sensor types on more than 20 aircraft types, with two European patent applications pending.
What's the endgame? Volatus wants a vertically integrated business that owns the aircraft, the sensors and the mission software. "By combining our aircraft operations with proprietary sensors and mission software, we can create new opportunities across commercial, infrastructure and defence markets," said chief executive officer Glen Lynch.
By the numbers: AISPECO posted fiscal 2025 revenue of about US$4.19M, more than double the prior year, and has sold roughly 50 complete systems across five continents. Volatus expects it to generate about US$7.33M in fiscal 2027 revenue at an adjusted EBITDA margin of 8% to 12%.
Why now? The deal gives Volatus an engineering and manufacturing base in Lithuania, a NATO and EU member state, expanding its reach into allied European markets alongside its Canadian operations.
Management estimates US$1.03 to US$1.91M in annual cost and direct synergies by year two, plus US$5.13 to US$8.8M in incremental revenue from US pipeline and utility access and European market access. Closing remains subject to customary conditions, including conditional approval of the Toronto Stock Exchange.
The signal: Owning the sensor layer lets aerial-intelligence firms capture more value per mission as demand grows for defence, surveillance and infrastructure monitoring. The tie-up also reflects how Western aerospace players are building out manufacturing footprints inside NATO borders.
Read more: Business Insider
Image credit: Generated with Gemini
