Oxa acquires StreetDrone

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.”