Abu Dhabi-based GRADEONE, a company that offers military hardware, ammunition, and pyrotechnics, has been acquired by the state-backed defence conglomerate EDGE Group, which now holds a 70% stake in the firm.
The acquisition is EDGE’s second investment this week and is expected to enhance the company’s defence manufacturing, communications, and trading capabilities. GRADEONE, which provides defence trading and services and various solutions to the military and defence sectors, will become part of EDGE’s “trading and mission” cluster.
According to Mansour AlMulla, the Managing Director and CEO of EDGE, the incorporation of GRADEONE into the Group will benefit both companies by allowing EDGE to further improve its solutions in military and safety service domains.
This week, EDGE also acquired a majority stake in Milrem Robotics, an Estonian company that develops robotics and autonomous systems sold to NATO member countries.
