Electro Optic Systems (ASX:EOS) announced an agreement to acquire MARSS, a Europe-based provider of AI-enabled command and control systems for counter-drone operations.
MARSS’ proprietary NiDAR platform integrates sensor-fusion technology and autonomous decision-making to rapidly detect, identify, and neutralize drone threats.
The acquisition, structured as an asset purchase with an upfront cash payment of US$36 million and potential earnouts of up to €100 million, is expected to be broadly neutral for EOS’ 2026 earnings and cash flow, with completion anticipated later in the year pending regulatory and customer approvals.
By combining MARSS’ C2 technology with EOS' existing sensors and effectors, the company aims to transition from a component supplier to a fully integrated counter-drone solutions provider, offering modular, AI-enhanced systems for military, homeland security, and critical infrastructure applications.
The deal also expands EOS' geographic footprint in Europe and strengthens its in-house AI and software capabilities.
At the time of reporting, Electro Optic Systems' share price was $9.94.