09:25 AM EST, 11/17/2025 (MT Newswires) -- Palladyne AI ( PDYN ) said Monday that it has acquired GuideTech and two Crucis manufacturing companies in a deal valued at $31 million deal to create a new defense division.

The combined price includes $20 million in stock, $5 million in cash, and the assumption of $6 million in debt, the company said.

Palladyne AI ( PDYN ) said GuideTech's former owners may receive up to $25 million in additional consideration over five years if revenue milestones are met.

The robotics-focused software company said the purchases will form Palladyne Defense, which will combine its autonomous systems software with engineering and manufacturing capabilities from the acquired companies.

Palladyne said the acquisitions are expected to lift 2026 revenue to more than triple its 2024 total of $7.8 million.

Shares of the company were up more than 1% in recent Monday premarket activity.