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

Turkish Airlines Sets Guinness World Records™ title for the “Most Countries Flow ...

Hamleys unveils an enchanting Elf Christmas Market, offering families in UAE a m ...

Abu Dhabi Trading Regulatory Committee for Petroleum Products Issues First of it ...

Dubai Health Authority Promotes Quality of Life in Schools with Major Interactiv ...

MBRF signs MoU with Canadian University Dubai to promote exchange of knowledge

Dubai Culture Announces 4th Hatta Cultural Nights Programme of Cultural & Herita ...

DOSC Winter Regatta & IRC Middle East Championships Concludes with Climactic Fin ...

Diamind Presents The Ultimate Festive Gift Guide: Sparkle This Season With Lab- ...

Premier Inn Dubai Dragon Mart celebrates Fifth Anniversary

Uae racing driver sofia necchi qualifies in dubai for the innaugural formula wom ...

SHEGLAM and Lifestyle at Centrepoint Mark One Year of Partnership in the Middle ...

MAX&Co. Unveils Festive Collection: A Celebration of Red Elegance

Abu Dhabi Stem Cells Center Successfully Performs First CAR-T Cell Therapy to Tr ...

Relocate pets and ship cars for less with Emirates Skywards

Medlab Middle East to spotlight the rise of patient-centric healthcare

Dubai Municipality wins Football's Title of the 6th Labor Sports Tournament

DXB creates magical holiday memories for travellers

Wizz air abu dhabi launches a new route to bucharest băneasa airport from m ...

Dubai Health Authority Highlights AI Drive and Diagnostic Advancements in Health ...

SLC organises workshop on 'Criminal Intent in Cybercrime'