MIRABEL, Québec, Oct. 28, 2026 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSX: FLT | OTCQX: TAKOF | Frankfurt: ABB.F) (“Volatus” or the “Company”), a Canadian-headquartered global aerospace and defence company, today announced the completion of its previously announced acquisition of AISPECO UAB (“AISPECO”), a Lithuania-based developer and manufacturer of modular airborne sensor systems and proprietary flight-management software.
The acquisition brings ownership of sensor integration platforms, onboard electronics and mission software into Volatus’ existing aircraft operations, manufacturing capabilities and international customer network. This combination positions the Company to expand technology sales, deliver higher-value aerial intelligence services and develop additional solutions for commercial, infrastructure, defence and security customers.
AISPECO has an established commercial business serving applications including utility inspection, forestry, surveying, mapping and infrastructure monitoring. Its sales activity also includes systems intended for defence-related and border-surveillance applications. Volatus intends to build on this foundation by combining AISPECO’s technology with its aviation operations and pursuing broader opportunities in government and allied markets.
“This acquisition brings us closer to delivering a complete, end-to-end aerial intelligence ecosystem,” said Glen Lynch, CEO of Volatus. “By integrating AISPECO’s proprietary sensors and software with our aircraft platforms and operational capabilities, we can accelerate innovation, strengthen our technology base and deliver more comprehensive solutions to defence, industrial and commercial customers worldwide.”
AISPECO’s portfolio includes its HELIUX modular sensor pods, FOCUS AI-guided gimbal, CORE electronics and ROBINCOP flight-management software. These technologies complement Volatus’ existing capabilities and support applications ranging from intelligence, surveillance and reconnaissance (ISR) to infrastructure inspection, energy, utilities, surveying and geospatial intelligence.
The acquisition also adds an engineering and manufacturing base in Lithuania, a NATO and European Union member country. This presence complements Volatus’ Canadian manufacturing operations and supports further growth in European and allied markets, alongside opportunities for technology integration and development in Canada.
Transaction Details
In connection with the acquisition, Volatus will pay US$3.0 million in cash and issue 17,434,193 common shares at a deemed price of C$0.5813 per share, reflecting customary working capital adjustments. The Company will also grant 1,859,804 restricted share units as part of the acquisition consideration. Additional contingent consideration of up to US$2.5 million may be payable in cash or common shares, at Volatus’ option, upon achievement of specified financial, commercial and product-development milestones over three years.
About AISPECO
AISPECO is a Vilnius, Lithuania-based developer of aerial survey payload systems and flight management technology. Its HELIUX platform and ROBINCOP software enable the integration of multiple sensor technologies across a range of aircraft platforms, supporting applications including LiDAR mapping, utility inspection, pipeline surveillance, forestry, city mapping, transport infrastructure and other aerial data acquisition activities.
About Volatus Aerospace
Volatus Aerospace is a Canadian-headquartered global aerospace and defence company delivering intelligence and cargo solutions through piloted and remotely piloted aircraft systems. With operations, training programs and strategic partnerships spanning multiple continents, Volatus supports government, defence and commercial customers worldwide. The Company leverages advanced technologies, remote operations expertise and aviation experience to solve complex operational challenges in demanding environments.