Unusual Machines Inc. (NYSE American: UMAC) announced it signed a definitive agreement to acquire DroneNX LLC, which operates as Upgrade Energy, a manufacturer of battery and power systems for unmanned aerial systems.

The transaction is valued at approximately $52 million and will consist of cash and stock consideration, including a performance-based earnout, according to the company's statement.

Upgrade Energy operates from an 18,500-square-foot facility in Torrance, California, and employs approximately 30 engineering and production personnel. Unusual Machines plans to add a second battery pack production facility in Orlando, Florida.

"Batteries are a foundational part of drone power systems and have a huge impact on performance and reliability," said Allan Evans, CEO of Unusual Machines. "Upgrade Energy adds the best battery and power systems expertise we have worked with."

Matthew Barnard, CEO of Upgrade Energy, said the company was "built to solve flight time and reliability challenges for drone operators through high-performance drone batteries manufactured in the United States."

The transaction remains subject to customary closing conditions, including receipt of an audit for Upgrade Energy for 2025. Following the closing, Upgrade Energy will operate as part of Unusual Machines' portfolio of drone component companies.

Unusual Machines describes itself as a manufacturer of NDAA-compliant drone components. The acquisition adds battery manufacturing capabilities to the company's domestic operations and expands its drone component offerings.