Search DubaiPRNetwork.com

Dubai and UAE
Home >> Banking & Investments

EDGE Acquires Majority Stake in MARS Robotics

EDGE Acquires Majority Stake in MARS Robotics

Tuesday, May 23, 2023/ Editor -  

Share

Home >> Banking & Investments

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 Banking & Investments

Next in Banking & Investments


Home >> Banking & Investments Section

Latest Press Release

RTA announces resumption of metro service at Onpassive, Equiti, and Mashreq Metr ...

Hamdan bin Rashid Al Maktoum Centre for Giftedness and Innovation Team Achieves ...

TCL Electronics introduces the latest QD-Mini LED TV and smart home appliances i ...

GEMS Modern Academy honoured with NAFIS Award for outstanding support of Emirati ...

Our museums are inspiring global communication platforms and vital institutions ...

Emirates Receives Certified Autism Center™ Designation Plaques for all Check In ...

The Treasures of the Library Exhibition at Mohammed Bin Rashid Library… A Museum ...

Arabian Automobiles Presents ‘The Unusual Suspects'

The Science Behind Chery's Pure Air: Enhancing Passenger Well-Being

Mubadala Investment Company Reports 2023 Financial Results

Turkish Airlines Becomes the Main Sponsor of the Taş Tepeler Project

Noatum Launches Maritime Services in Türkiye

A Blissful Summer Package for an Ultimate Luxury Stay at Sofitel Dubai Downtown

Mint joins hands with S2M to transform financial services landscape

Styched Sets Sights on UAE's Booming Fashion Market

AUS named among top 125 in THE Young University Rankings 2024

Emirates returns to Nigeria from 1 October

The Environment Agency – Abu Dhabi Starts the First Reintroduction Phase of Dama ...

Emirates invites UAE's cabin crew candidates to exclusive events

Family Development Foundation launches “Kindness and Mercy” campaign to raise aw ...