Search DubaiPRNetwork.com

Dubai and UAE
Home >> Business and Economy

EDGE Acquires Majority Stake in MARS Robotics

EDGE Acquires Majority Stake in MARS Robotics

Sunday, November 19, 2023/ Editor -  

Share

Home >> Business and Economy

Acquisition will enhance EDGE’s autonomous capabilities and enable access to technology and highly skilled engineers for a wider range of unmanned aerial systems (UAS) 
 
Abu Dhabi, UAE: 23 May, 2023 – EDGE, one of the world's fastest growing and leading advanced technology and defence groups, today announced the acquisition of a majority stake in MARS Robotics, a leader in autonomous robotic solutions based in Jordan. The deal will see EDGE owning 80% of MARS Robotics, enabling the highly skilled and experienced engineering team to work closely with EDGE on a number of exciting projects. MARS Robotics will work closely within EDGE’s Advanced Concepts, which focuses on the rapid design, development, and deployment of advanced and innovative technologies. Announced at Langkawi International Maritime and Aerospace Exhibition (LIMA 2023), where EDGE is displaying a broad array of autonomous solutions and smart weapons, the acquisition will create greater opportunities for EDGE to expand its offerings and support its customers globally.
 
Mansour AlMulla, Managing Director & CEO of EDGE, said: 'EDGE's acquisition of MARS Robotics represents a solid strategic investment that aligns with our ongoing ambitions in the autonomous systems domain. As we rapidly grow and develop the solutions that play a critical role in a secure future, so too must our engineering and innovation capabilities. Acquiring a company with world-class expertise in developing high performance UAS is a logical step for us as we continue to execute our product development roadmap, bringing next-generation solutions to market with speed, cost-effectiveness, and efficiency. We are very excited about this great tie up and always believed in MARS Robotics and the strong technological capabilities there”
 
Dr. Mohammad Amin Al-Jarrah, General Manager & Founder of MARS Robotics, said: 'We are immensely proud to be joining EDGE, a defence and advanced technology conglomerate which has risen through the ranks both regionally and globally. Representing a resounding vote of confidence in MARS Robotics, the acquisition will see our team complement and strengthen EDGE’s aerospace and autonomous engineering capabilities and will expand the Group's position as a serious global player in the autonomous systems sector.'
 
Founded in 2013, MARS Robotics provides engineering solutions and services to UAS original equipment manufacturers (OEMs) in the areas of hardware, peripherals, networks, software, support, service, and training for various applications in the military and civil markets.
 
 

 


Previous in Business and Economy

Next in Business and Economy


Home >> Business and Economy Section

Latest Press Release

Mohamed Bin Hadi Al Hussaini Explores Avenues of Financial Cooperation with Uzbe ...

Masdar Announces Preferred Contractors and Suppliers for World's First 24/7 Sola ...

Abu Dhabi Sustainability Week, PwC Middle East and Global Climate Finance Centr ...

Top emirati racers to represent the uae at the 6h of abu dhabi and formula middl ...

MAX&Co Brings Effortless Elegance to Ramadan 2025

Jhonatan Narváez ready to shine with UAE Team Emirates XRG

Stop at Nothing to Win: Al Ghurair Centre Challenges Participants to Game of Sur ...

ADNEC Group signs Solar Power Purchase Agreement with Positive Zero to accelerat ...

Record breaking year: wizz air abu dhabi achieves 20% year on year growth

Etihad Rail Launches Region's First Carbon Emission Avoidance and Reduction Cert ...

G42 and UAE Team Emirates XRG Announce Multi-Year Partnership

Arab Health marks its 50th-anniversary celebration with the launch of four new c ...

Ministry of Finance Meets with IMF Article IV Consultation Mission

Celebrate the Joy of Home Decor this New Year with REDTAG's Chic and Diverse Hom ...

AUS President's Scholarship: Opening doors to excellence for international stude ...

TONDA PF XIALI CHINESE CALENDAR

Expansion at EGA's US recycling firm Spectro Alloys reaches construction milesto ...

Baseball United Announces Dates for Historic UAE Series in Dubai

Turkish Airlines Resumes Flights to Benghazi, Libya's Second-Largest City

Mubadala Acquires Majority Stakes in Global Medical Supply Chain and Al Ittihad ...