EOS acquisition of MARSS
Australia's EOS bought the business of MARSS, a counter-drone command-and-control software provider, to offer end-to-end counter-drone systems.
- Company
- MARSS (Marine & Remote Sensing Solutions)
- Type
- M&A
- Status
- Completed
- Date
- 21 May 2026
- Value
- US$36m
- Value basis
- US$36m (about A$54m) upfront cash plus an earnout of up to €140m tied to new MARSS orders (cap raised from €100m in May 2026)
- Region
- Monaco
- Segment
- Counter-drone systems
Parties
- Electro Optic Systems (EOS) buyer
- MARSS vendors seller
Key terms
- Structure
- Asset acquisition
- Upfront
- US$36m cash, funded from the Soul Patts term loan and the May 2026 equity raise
- Earnout
- €20m for each €100m of qualifying new orders; cap €140m, partly in EOS shares
- Announced
- 12 Jan 2026
Sources
- EOS ASX release: acquisition of MARSS counter-drone C2 system provider announcements.asx.com.au · 12 Jan 2026
- EOS ASX release: revised MARSS terms and upfront payment announcements.asx.com.au · 15 May 2026
- EOS ASX release: business update (completion on 21 May 2026) announcements.asx.com.au · 15 Jun 2026
Record DEF-INV-2026-0025. Investments are kept apart from the financings register and never counted in debt totals.
