Market Chatter: Swarmer to Acquire Ukraine's Ratel Robotics

MT Newswires Live

1 hour ago

Swarmer (SWMR) is buying Ratel Robotics for $224 million in a cash-and-stock deal, the Wall Street Journal reported Thursday, citing the company's chairman, Erik Prince.

Ratel, based in Ukraine, makes unmanned ground vehicles, and Texas-based Swarmer builds artificial-intelligence software allowing drones to coordinate in swarms, the Journal said.

Prince, a former leader of the private military contractor Blackwater, said it plans to continue to acquire and collaborate with military firms whose products are battlefield-tested, the report said.

Swarmer did not immediately reply to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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