RIGA - Latvian unmanned aircraft maker AirDog has been acquired by U.S. smart home solutions developer Alarm.com, representatives of AirDog informed LETA.
With the purchase of the Latvian drone company, Alarm.com, which is listed on the Nasdaq stock exchange, plans to promote robotics research and development for its smart home and business technologies and to promote the company's international expansion, including in the Baltics.
The price of the deal has not been disclosed.
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