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.
"In our changeable and fast progressing IT ...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.
In case you don't have a subscription yet - please visit our SUBSCRIPTION