Estonian Dronemaker Threod Said to Explore Sale as Demand Soars

Threod Systems, the Estonian drone company, is exploring a sale to tap the explosive demand for uncrewed aircraft amid the war in Ukraine, according to people familiar with the matter.

The company is working with advisers to gauge interest among potential buyers, said the people, who asked not to be identified because discussions are private. Defense companies, including large European manufacturers, and private equity firms are looking at the business, they said. Threod did not immediately respond to requests for comment.

Founded in 2012, the Estonian dronemaker posted €38 million ($44 million) in sales for 2024, up 87% from ...