The Business Times
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Rex International’s diversification bet on drones looks set for take-off

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Anita Gabriel

Anita Gabriel

Published Thu, Dec 8, 2022 · 05:50 AM
    • Xer has been in talks to secure new clients, including to provide railroad inspection in the US, Sweden and elsewhere in Europe, says CEO Kristofer Skantze.
    • Rex International's "alternative investment" in Swedish commercial drone company Xer Technologies is taking shape. Xer has unveiled half a dozen X8s that can fly 2.5 hours with 4 kg payload into the market.
    • Xer has been in talks to secure new clients, including to provide railroad inspection in the US, Sweden and elsewhere in Europe, says CEO Kristofer Skantze. PHOTO: XER TECHNOLOGIES
    • Rex International's "alternative investment" in Swedish commercial drone company Xer Technologies is taking shape. Xer has unveiled half a dozen X8s that can fly 2.5 hours with 4 kg payload into the market. PHOTO: XER TECHNOLOGIES

    ZURICH-headquartered firm Xer Technologies has rolled out its first product, a heavy-duty hybrid electric drone called X8 – just a year and a half after oil firm Rex International Holding made its first bet on the commercial drone maker.

    These drones pack a punch in terms of flight time and payload and could give the predominantly battery-propelled drone market a run for its money.

    Armed with a sharpened business proposition to further expand its platform of unmanned aerial system (UAS) solutions in the coming year or so, and to step up its game in the booming global commercial drone market, Xer is also mulling an initial public offering (IPO) in two to three years, according to Xer’s chief executive Kristofer Skantze in an interview with The Business Times.

    rex internationalDrones

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