Oxa, a global provider of self-driving vehicle software, has moved to acquire StreetDrone, a leader in the development and deployment of autonomous technology for industrial logistics.
Oxa says the deal for StreetDrone strengthens its 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, based in Oxford, provides autonomous industrial solutions for operators, retailers and OEMs.
“StreetDrone joining Oxa marks another leap forward for us as we continue to build the world’s most comprehensive self-driving software platform,” said Gavin Jackson, CEO of Oxa.
“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, added: “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 will help organisations globally to benefit from the power of autonomy, today.”