Story
BAE Systems, Private Equity Firms Weigh Bids for Drone-Detection Specialist Robin Radar

Summary
British defense contractor BAE Systems and several major private equity firms are reportedly in the early stages of exploring offers for Dutch anti-drone company Robin Radar Systems, which could be valued at around €2 billion ($2.26 billion).
British defense giant BAE Systems is among several potential suitors exploring an acquisition of Dutch drone-detection firm Robin Radar Systems, according to three people familiar with the matter. The potential deal could value the high-tech company at approximately €2 billion ($2.26 billion).
A Crowded Field of Bidders
Robin Radar's current owner, Dutch investment firm Parcom, is working with JPMorgan to launch a formal sale process later this year, two of the sources told Reuters. Alongside BAE, a strategic bidder, several major private equity firms are also reportedly evaluating offers.
Potential financial bidders include:
- CVC
- Blackstone
- Advent
- EQT
CVC and Blackstone had a previous offer rejected over the summer before the formal sale process began, two of the people said. BAE, the private equity firms, and JPMorgan all declined to comment. Parcom did not respond to requests for comment, while Robin Radar stated it would not comment on "confidential shareholder processes."
Geopolitical and Strategic Context
AdThe potential sale comes amid heightened scrutiny of technology deals in Europe, as governments push for greater "digital sovereignty" and seek to retain control over critical infrastructure. One source noted that Parcom, which acquired Robin Radar in 2024, would prefer a European buyer to ensure its technology is developed for the region's benefit.
This sensitivity was recently highlighted when the Dutch government blocked the acquisition of cloud services provider Solvinity by US-based Kyndryl, citing national security concerns. It marked the first time the country's Investment Screening Bureau has blocked a U.S. takeover since its establishment in 2020.
Robin Radar's Technology
Founded in 2010, Robin Radar initially developed radars to detect birds near airfields but has since become a leader in anti-drone technology. Its systems are used to counter the growing threat of unmanned aerial vehicles.
The company's technology has been deployed by the Dutch military and used to secure high-profile events, including the 2024 Paris Olympic Games and the 2026 FIFA World Cup.
Read next
More on Stocks
Portugal's PSI Index Falls Nearly 2% as Financials and Utilities Weigh
Portugal's benchmark PSI stock index closed down 1.97% on Thursday, dragged lower by significant losses in the financial and utilities sectors. Banco Comercial Portugues was among the session's biggest decliners, falling over 4%.

Morgan Stanley Initiates Homebuilders with Cautious View, Taps Toll Brothers as Sole 'Buy'
The investment bank cited affordability and margin pressures in its new coverage, giving luxury builder Toll Brothers its only 'Overweight' rating while starting Lennar and NVR at 'Underweight'.

Florida Sues Pfizer Over COVID-19 Vaccine Safety and Efficacy Claims
The state of Florida has filed a lawsuit against Pfizer and its CEO, alleging the company misled the public about its COVID-19 vaccine's safety, effectiveness, and ability to prevent transmission.

Florida Sues Pfizer, CEO Over COVID-19 Vaccine Safety and Efficacy Claims
Florida's attorney general has filed a lawsuit against Pfizer and CEO Albert Bourla, alleging the drugmaker misled consumers about its COVID-19 vaccine's safety, effectiveness, and pricing.