UAS/DRONES Avnon Group acquires equity stake in South Africa's ALTI

Avnon Group acquires equity stake in South Africa’s ALTI

Israeli-based worldwide operator Avnon Group has acquired an equity stake in South Africa’s ALTI Unmanned Aircraft Systems.

In a joint statement, the Avnon announced that it have “concluded an agreement to acquire a substantial equity stake in ALTI Unmanned Aircraft Systems, an award-winning hybrid UAS developer and manufacturer specialising in vertical take-off and landing UAVs designed for the security and surveillance sector”.

ALTI designs and builds unmanned aircraft, offering a complete long-endurance hybrid fixed-wing VTOL unmanned aircraft, and has exported to 13 countries internationally for decades.

The Aviator Africa Avnon Group

“The acquisition by Avnon Group will forge a strong long term partnership ultimately resulting in development of more advanced aircraft systems,” ALTI statement said.

“The acquisition is part of Avnon Group strategy to strengthen its position in the drone market and will allow the group to improve competitiveness of solutions and being able of offer a comprehensive solution combining UAVs with other offerings for homeland security (HLS) missions.

“Operations in South Africa will continue and at the same time we will start producing UAVs in a new co-production centre for group subsidiaries in Israel,” Aviad Matza, chief executive of Avnon Group’s HLS division, said. “There is a growing demand for VTOL UAV’s from military and government forces and ALTI has advanced capabilities in this field.”

“We are excited about our new partners. Avnon brings experience and international reach and ALTI will continue to push the boundaries creating world leading unmanned systems” Duran De Villiers, ALTI shareholder and director, said.

Avnon Group, the new partner provides military level intelligence and surveillance information for use by civilian and military operators via its company iSTAR.

Last year Augyst, ALTI partnered with United States’ Argentech – a systems integrator and UAV training provider, to supply the US government with a vertical takeoff and landing (VTOL) testing vehicle.

In the partnership, ALTI will have easier access to US clients by bypassing bureaucratic bottlenecks. It also offers the option of allowing clients conduct UAV training in their own country.

The Aviator Africa Avnon Group
Ekene Lionel
Ekene Lionel is an author for The Aviator Africa, covering military aviation. He has worked as a journalist and defense tech writer for 5 years, much of that time focusing on military and emerging technologies.
The Aviator Africa Avnon GroupThe Aviator Africa Avnon Group

Related Articles

TIACA Announces Re-Appointment of Chair and Vice Chair

The International Air Cargo Association (TIACA) announced Chair Steven Polmans and Vice Chair Sanjeev Gadhia would serve an additional term. Following a successful two years...

A Namibian Air Force F-7NM fighter crashed At Ondangwa Airport.

15 Oct 2021/ Namibian Air Force F-7NM skidded off the runway and crashed into perimeter fencing at Andimba Toivo ya Toivo Airport, Ondangwa, Namibia....

33 years ago Today, a Uganda Airlines Plane Crashes in Rome

On This Day 33 years ago, a Uganda Airlines Flight 775 Boeing 707-338C, registration 5X-UBC crashed while attempting to land at Rome-Fiumicino Airport in...
uganda airlines

Latest Posts

uganda airlines