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The Business Magazine - B2B Business News - Site Logo
The Business Magazine July 2024
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Oxa acquires StreetDrone

Buyside Advisors Include

Sellside Advisors Include

StreetDrone develops and deploys autonomous technology for industrial logistics, servicing operators, retailers and OEMs.

It’s been acquired by fellow Oxford firm Oxa, a provider of self-driving vehicle software.

The deal strengthens Oxa’s position in the industrial logistics sector, which involves the movement and management of goods on private land – including ports, logistics hubs, retail fulfilment centres and airports.

StreetDrone’s proven drive-by-wire, vehicle integration and teleoperation technologies is also set to complement Oxa’s self-driving software platform.

Gavin Jackson, CEO of Oxa, said: “StreetDrone joining Oxa marks another leap forward for us as we continue to build the world’s most comprehensive self-driving software platform.

“StreetDrone's technology and capabilities will accelerate our ability to deliver safe, efficient and repeatable self-driving solutions across a wide range of industries – specialising in the industrial logistics sector.”

Mike Potts, CEO of StreetDrone, said: “We’re thrilled to be joining forces with Oxa, a company that shares our commitment to bringing the benefits of autonomy to industrial fleets.

“Autonomous vehicles will transform industrial operations – enabling 24/7 uptime, reduced operational costs and increased productivity.

“Together with Oxa, we’ll help organisations globally to benefit from the power of autonomy, today.”

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StreetDrone
has been acquired by
Oxa
September 2024
UNDISCLOSED
Shaw Gibbs
has merged with
Langdowns DFK
November 2024
UNDISCLOSED
who's behind the deal?
EnSilica plc
has secured debt funding from
Lloyds Banking Group
November 2024
£9M
who's behind the deal?
Hammerson
has acquired the remaining 50% stake in
Westquay
November 2024
£135m
who's behind the deal?

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