Destinus is acquiring Swiss AI flight avionics pioneer Daedalean for CHF 180 million to enhance the development of autonomous UAV technologies.

Information on the Target

Daedalean, a leading Swiss company specializing in artificial intelligence flight avionics, is set to be acquired by aerospace innovator Destinus for CHF 180 million in a combination of cash and stock. Based in Zurich, Daedalean has earned recognition for its innovative AI technologies, particularly in developing software for autonomous flight systems. Founded in 2016, the company has successfully established a reputation for delivering certifiable AI-based avionics solutions, which enhance capabilities like visual navigation, situational awareness, and decision-making in environments lacking GPS support.

Currently, Daedalean employs over 150 professionals, including 13 PhD holders, and is actively engaged in the certification of its flight systems for commercial aviation. This acquisition aims to merge Daedalean's cutting-edge technology with Destinus's expertise in high-speed unmanned aerial vehicles (UAVs), thereby facilitating advancements in intelligent autonomous aircraft suitable for both civil and defense applications.

Industry Overview in Switzerland

The aerospace industry in Switzerland is characterized by a strong emphasis on innovation and high-quality engineering, with several companies leading in the realms of both civil and military aviation. The Swiss aerosp