Delta Drone SA (ENXTPA:ALDR) agreed to acquire Tonner Drones from Messrs. Jean-François Ott and Brad Taylor and others for ?5 million on May 24, 2023. Under the terms of agreement, the consideration consists of upfront payment of ?2 million and earnout payment of ?1.5 million after 1 year subject to the achievement of a positive EBIT and an additional ?1.5 million after 2 years, subject to an EBIT exceeding ?250,000.

Delta Drone SA (ENXTPA:ALDR) completed the acquisition of Tonner Drones from Messrs. Jean-François Ott and Brad Taylor and others on July 20, 2023.