Capstone Partners Advised Neya Systems LLC on its Sale to Applied Research Associates, Inc.
Capstone Partners, advised Neya Systems LLC (Neya or the Company), a leading developer of unmanned systems for defense, homeland security, and commercial users, on its sale to Applied Research Associates, Inc. (ARA).
Neya is the recognized industry leader in perception navigation solutions for the most challenging unmanned ground systems used by military and commercial customers.
ARA has a strong foundation in unmanned and robotic systems across a variety of markets including military and first response applications. ARA’s M-RAK family of products is one example of remote control operation and semi-autonomy applied to a variety of commercially available vehicles and heavy equipment used by the Department of Defense.
We are very excited about the combined robotic expertise that ARA and Neya Systems will now provide to our customers. The fusion of ARA’s history in robotics hardware manufacturing with Neya Systems expertise in autonomy allows us to provide one source for robotic solutions to a wide range of customer problems.
Parag Batavia, President and Founder of Neya Systems, looks forward to Neya’s future with ARA. “I’m thrilled to bring Neya into the ARA family of companies. Over the last 7 years, we have developed a broad range of autonomy technologies for off-road, multi-robot navigation and control. ARA has a long history of successfully transitioning R&D to applied customer solutions that will allow us to jointly develop the next generation of advanced unmanned systems capabilities,” says Batavia.
“The ground robotics industry is facing a critical moment as the Department of Defense shifts toward multiple programs of record that would provide greater institutionalization and much larger production volumes”, notes Tess Oxenstierna, Managing Director at Capstone Partners. “These programs are also expected to bring a cultural shift in warfighting, as robots move from smaller, niche communities, like explosive ordnance disposal teams, to core units, including the infantry. Overall, the global unmanned military ground vehicle market is estimated to reach $18.7 billion by 2020,” notes Oxenstierna.