EDGE Group PJSC (EDGE), one of the world’s leading advanced technology and defence groups, announced the acquisition of a 100% stake in Etimad Holding LLC (Etimad), a technology solutions and services company with a focus on security systems solutions, systems integration, projects fulfillment, and execution in the fields of border security, law enforcement, critical infrastructure, urban management, safe city, traffic management, and cybersecurity.
Through this acquisition, EDGE will enhance its extensive capabilities by establishing a new Homeland Security cluster and boosting its talented workforce to 12,000+ employees. Homeland security is a fast-growing sector, with great potential for synergies across EDGE’s current programs and capabilities. This will position EDGE as a leader in security solutions and diversify its offerings across various critical sectors.
Mansour AlMulla, Managing Director and CEO of EDGE, said: “Part of EDGE’s wider growth strategy in the UAE and internationally is to consolidate entities with significant capabilities which can add great value to our portfolio. The introduction of the new Homeland Security cluster and the acquisition of Etimad advances our growth strategy and expands our unique offerings.”
“By combining our extensive solutions, expertise and resources, and capitalising on synergies, this strategic move takes us to the forefront as a global advanced technology player and allows us to deliver an innovative and comprehensive range of solutions to our customers and strategic partners,” he added.
Etimad comprises a portfolio of key operating companies and competencies that provide end-to-end fulfillment, control, and assurance for national security programmes in the fields of homeland security, defence, oil and gas, transportation, telecommunications, seaports, and airports. Since its establishment, Etimad has delivered more than 2,000 major projects in the UAE, including critical infrastructure projects, border and coastal security, as well as the design and production of unmanned aerial vehicles (UAVs).
Launched in November 2019, the UAE’s EDGE is one of the world’s leading advanced technology groups, established to develop agile, bold and disruptive solutions for defence and beyond, and to be a catalyst for change and transformation. It is dedicated to bringing breakthrough innovations, products, and services to market with greater speed and efficiency, to position the UAE as a leading global hub for future industries, and to creating clear paths within the sector for the next generation of highly-skilled talent to thrive.
With a focus on the adoption of 4IR technologies, EDGE is driving the development of sovereign capabilities for global export and for the preservation of national security, working with front-line operators, international partners, and adopting advanced technologies such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics and smart materials. EDGE converges R&D, emerging technologies, digital transformation, and commercial market innovations with military capabilities to develop disruptive solutions tailored to the specific requirements of its customers.
Headquartered in Abu Dhabi, capital of the UAE, EDGE consolidates more than 20 entities into five core clusters: Platforms & Systems, Missiles & Weapons, Electronic Warfare & Cyber Technologies, Trading & Mission Support, and Homeland Security.
