EDGE acquires a majority stake in Estonian defense firm Milrem Robotics
EDGE, a defense conglomerate based in the UAE, has acquired a majority stake in Estonia’s robotics and autonomous systems developer and systems integrator Milrem Robotics. The amount of the deal is not disclosed, but it will allow both companies to share technology and expertise and expand their resources.
- Milrem Robotics was established in 2013 by Kuldar Vaarsi and specializes in the development of intelligent unmanned ground vehicles, robotic warfare, the concept of operations, and warfare analysis. The company employs about 200 people.
- Its main products are the THEMIS and Multiscope unmanned ground vehicles, the Type-X unmanned combat vehicle, and the MIFIK land vehicle autonomy package. Milrem Robotics’ products have been sold to 16 countries, eight of which are NATO members: the US, Estonia, Spain, the Netherlands, Norway, France, Germany, and the UK.
- Launched in 2019 and headquartered in Abu Dhabi, EDGE is one of the world’s leading advanced technology groups. It consolidates more than 20 entities into four core clusters: platforms & systems, missiles & weapons, electronic warfare & cyber technologies, and trading & mission support.
- Under the agreement, Milrem Robotics will become a new entity under EDGE’s platforms and systems cluster. The companies did not disclose the amount of the deal, but Edge will have majority control of Milrem. The firm will continue to be based in Tallinn.
“Our investment in Milrem will allow it to take advantage of EDGE’s considerable resources to offer our customers operating in perpetually changing operating environments a more robust portfolio of superior autonomous systems at competitive costs,”Mansour AlMulla, Managing Director and CEO of EDGE Group, commented.
- The investment will help Milrem to expand its workforce, step up production, and grow its footprint internationally while providing Edge with access to markets in Northern Europe and beyond.