The UAE’s EDGE Group, one of many world’s main superior know-how and protection teams, has introduced the acquisition of a 50% stake in Brazilian sensible weapons and high-tech methods specialist SIATT.
The acquisition settlement was formally signed at SIATT’s headquarters within the metropolis of Sao Jose dos Campos and attended by His Excellency Faisal Al Bannai, Chairman of EDGE Group, and the senior management groups of each corporations.
The acquisition follows a cooperation settlement signed by each corporations in Rio de Janeiro in April this yr, and is a part of a subsequent co-development settlement signed between EDGE and the Brazilian Navy for superior long-range anti-ship missile know-how, as a part of the MANSUP nationwide anti-ship missile challenge, for which SIATT is offering the steerage, navigation, management and telemetry methods.
Mansour AlMulla, Managing Director & CEO of EDGE Group, mentioned: “EDGE is dedicated to working with strategically vital industrial gamers in Brazil, by means of investments or partnerships, to develop superior protection capabilities and different associated applied sciences. As a part of our Latin American improvement roadmap, particularly within the Brazilian market, we’re embarking on the event and manufacturing of the following era of high-quality and price-competitive sensible weapons and options. Along with SIATT, we goal to develop into related market gamers in high-tech protection methods.”
Based in 2015 and primarily based within the metropolis of São José dos Campos, SIATT specializes within the integration of methods with excessive technological content material, offering options for the necessities of the protection and area sectors.
Rogerio Salvador, CEO and one of many founders of SIATT, added: “It is a proud second for SIATT as a regional chief in superior missile know-how. EDGE’s funding in our experience and famend capabilities is a testomony to the top quality of our merchandise and methods. In flip, it can allow us to capitalize on EDGE’s scale and worldwide multi-domain expertise to collectively develop the following era of sensible weapons options for our respective armed forces and different protection clients. SIATT, because the Brazilian Strategic Protection Company – EED, stays absolutely dedicated to contributing to nationwide sovereignty”
Hamad Al Marar, President of Weapons & Missiles at EDGE Group, added: “It is a essential milestone and has been achieved by means of the forging of mutually helpful relationships and the help and imaginative and prescient of the leaders of the UAE and Brazil, who proceed to forge nearer protection ties by constructing impartial sovereign capabilities and supporting financial progress.
“Our acquisition of fifty% of the shares in SIATT is an ideal instance of this. It should enable us to mix experience within the improvement of sensible weapons and high-tech methods, each focus areas for EDGE, and to discover potential collaboration alternatives to advance applied sciences and capabilities within the UAE and Brazilian markets.”
Vice Admiral Marco Antonio Ismael Trovão de Oliveira of the Brazilian Navy concluded: “EDGE demonstrates by means of concrete motion that it’s a critical accomplice and supporter of the Brazilian protection business and of the event of nationwide capabilities in a number of domains. Right now’s announcement of the Group’s acquisition of a major stake in SIATT will additional strengthen our mutual imaginative and prescient and targets of better safety and financial prosperity, each right here and overseas.”
SIATT’s product portfolio consists of clever weapons equivalent to missiles and guided munitions, and their integration into plane, naval vessels, tanks and different land automobiles. Moreover, SIATT additionally excels in radar, sensors and digital system applied sciences.
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