EDGE Group acquires a 70% stake in the Abu Dhabi-based GRADEONE, which specialises in manufacturing non-lethal pyrotechnics, ammunition, defence-related components and packing solutions. GRADEONE will join EDGE’s Trading & Mission Support cluster.
This comes in line with EDGE’s plans to expand its defence manufacturing, communications, and trading capabilities. The defence group recently acquired Europe’s Milrem Robotics.
“EDGE is rapidly growing, and with it, our focus is on the development of defence trading. Incorporating GRADEONE into the group is a good and logical decision for both companies, allowing us to further perfect our solutions, both in military and safety service domains. It also reinforces EDGE’s strategy of developing successful partnerships and broadening our own supply chain and trading capabilities in the long term. GRADEONE’s demonstrated reliability in the region and resiliency in meeting commitments in challenging environments will bring tangible benefits to EDGE and its customers,” Mansour AlMulla, Managing Director and CEO of EDGE, said.
GRADEONE was founded in 2018 and has a network of partnerships within the defence, security, and rescue sectors.
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