EDGE’s acquisition of Milrem Robotics, Europe’s leading developer of robotics and autonomous systems, has been recognised as the ‘Baltic M&A Deal of the Year’ at the Baltic M&A and Private Equity Forum 2023, held in Latvia’s capital, Riga.
The acquisition of the majority share in Milrem Robotics by EDGE, which is one of the world's fastest growing and leading advanced technology and defence groups, was the largest-ever foreign investment in Estonia’s growing defence industry.
Received by Kuldar Väärsi, Founder and CEO of Milrem Robotics, the award celebrates the strategic investment and seamless transition of Milrem Robotics into EDGE, which will provide significant economic development, accelerate international growth, and advance industry-leading technologies and solutions.
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 four core clusters: Platforms & Systems, Missiles & Weapons, Electronic Warfare & Cyber Technologies, and Trading & Mission Support.
