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Last updated : 28/08/2026 - 17h35
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Drone Volt: Firm Agreement to Resell Azur Drones to Tonner Drones

Drone Volt has signed a firm agreement for the resale to Tonner Drones of the entire share capital of the new company Azur Drones, whose assets it had just acquired. The transaction remains subject to approval by the judicial representative of the former Azur Drones.


Drone Volt: Firm Agreement to Resell Azur Drones to Tonner Drones

Acquisition and Subsequent Resale of Azur Drones Assets

During the summer of 2026, Drone Volt (via its 100% indirect subsidiary InAirTech) was appointed by the Bordeaux Commercial Court as the buyer of all industrial and operational assets of Azur Drones, a supplier of autonomous surveillance drones based in Mérignac (Gironde) for civil and military applications.

To this end, InAirTech created a new company Azur Drones, held indirectly 100% by Drone Volt, intended to acquire these assets in accordance with the court's decision.

On August 27, 2026, Drone Volt announced, through InAirTech, the signature of a firm agreement protocol with Tonner Drones concerning the transfer of the entire stake held in this new company. Tonner Drones will carry out this acquisition through a dedicated subsidiary.

Distribution of Commercial Rights and Industrial Synergies

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Drone Volt and Tonner Drones have agreed to conclude a commercial and strategic agreement concerning the autonomous surveillance system "Drone in a Box", previously marketed under the Skeyetech brand.

According to the agreement, Drone Volt obtains exclusive commercial rights to exploit Azur Drones assets worldwide, with the exception of Europe, targeting the civil sector. The new Azur Drones company will continue to serve its customers exclusively in Europe, manage existing projects and develop its activities in the defense sector.

The partnership provides for industrial synergies: the new Azur Drones company will supply Drone Volt with "Drone in a Box" stations, while Drone Volt will supply it with its tactical drones of the KOBRA type. The KOBRA drone, equipped with a nano-computer compatible with artificial intelligence and LIDAR sensors, will be integrated into the overall system.

Conditional Transfer and Market Prospects

The transfer of the new Azur Drones company to Tonner Drones is subject to approval by the judicial representative appointed for the former company.

The "Drone in a Box" system claims more than 62,000 autonomous flights under BVLOS conditions (beyond visual line of sight), deployed and operational in 11 countries. Drone Volt estimates the global market for "drones in a box" at more than one billion euros in 2026, with a projection beyond 6 billion euros by 2034, representing average annual growth close to 20%, according to market data cited in the press release.

The group's next publication will focus on half-year results, scheduled for September 16, 2026.



Sector Aéronautique / spatiale · Industrie · Drones Aérospatiale


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Context

Period
  • Period: 2025
Guidance from the release
  • Nous nous attendons à réaliser une nouvelle année de croissance de nos activités à forte marge.
  • Pivot stratégique réussi vers les activités à forte marge, renforcement financier (25 M€ levés), expansion en Amérique du Nord et début 2026 prometteur soutenant la croissance des prestations à forte marge.
Risks mentioned
  • Impossible d’atteindre un EBITDA positif sur le second semestre 2025 en raison de revenus R&D inférieurs aux attentes
  • Arrêt du contrat de distribution historique à la fin du T3 2024 entraînant une forte réduction des revenus de distribution
  • Dépendance à la concrétisation des opérations financières et à la capacité d’exécution commerciale sur le marché nord-américain
Opportunities identified
  • Croissance des activités DRONE VOLT FACTORY, SERVICES & ACADEMY (haute marge)
  • Expansion accrue en Amérique du Nord (près de 50% des ventes de drones)
  • Contrat de R&D avec Hydro-Québec pouvant générer des revenus significatifs en 2026
  • Politique d’acquisitions ciblées soutenue par une structure financière renforcée

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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