Electric vertical aircraft company Archer has purchased Wisk Aero, a former competitor. The acquisition comes after years of legal battles between the two companies, notably a trade secret theft lawsuit.
Wisk Aero is being absorbed into Archer, according to TechCrunch.
The two companies were previously engaged in litigation with Wisk accusing Archer of poaching employees and stealing confidential information related to its aircraft design. While the specifics of the settlement weren’t revealed, the lawsuit was a significant point of contention within the emerging electric air mobility industry. The purchase of Wisk by Archer effectively ends that legal dispute.
The move consolidates power in the competitive landscape of electric vertical takeoff and landing (eVTOL) aircraft development.
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