UAE News Today : Business

EDGE Group acquires majority stake in autonomous aerial systems developer ANAVIA

The United Arab Emirates EDGE Group has announced the acquisition of a majority stake of 52% in ANAVIA, a Swiss-based company that specializes in the design, development and manufacturing of versatile vertical take-off and landing (VTOL) systems up to 750 kilograms, and their associated capabilities.

The movement will see EDGE become a market leader in this highly specialized field.

ANAVIA produces several industry-leading unmanned helicopters for various mission profiles, such as surveillance and reconnaissance, inspection and mapping and cargo, which can be tailored to EDGE’s cross-complementary portfolio of air, land and sea capabilities. The Group is paying special attention to the development of autonomous systems.

Mansour AlMulla, Managing Director and CEO of EDGE Groupsaying,

“The acquisition of a majority stake in ANAVIA is an important step in EDGE’s strategy to strengthen its advanced autonomous aerial vehicle capabilities as it rapidly expands its multi-domain systems and solutions portfolio and global export footprint.

The agreement will allow us to benefit from ANAVIA’s proven experience in developing high-quality, technologically advanced unmanned helicopters to complement our existing range of autonomous aerial systems and their established supply chains to become a market leader. It will also allow ANAVIA to take advantage of EDGE’s scale and the opportunities this presents for further innovation in relevant areas of the group.”

ANAVIA employs a highly qualified team of experts in the autonomous aircraft space, covering composites, mechatronics, aircraft maintenance, flight testing and software engineering.

Jon Andri Jörg, founder and co-CEO of ANAVIAsaying,

“Together with EDGE, we are prepared to redefine the possibilities in this field and offer innovative solutions to meet the changing demands of the military and civil sectors, and there is great potential here. As we explore these synergies together and push the boundaries in our field, we will continue to leverage the unrivaled expertise that has seen ANAVIA rapidly grow as a leader in the production of superior ‘Made in Switzerland’ autonomous aerial solutions.”

Ishan Sahgal, founder and co-CEO of ANAVIA, fixed,

“We are immensely proud to have forged this pioneering partnership and joined the EDGE family. It will allow us to collaborate on unmanned helicopter platforms, marking an important milestone in autonomous aviation. It also reflects ANAVIA’s commitment to pushing the boundaries of technological innovation and revolutionize the future of unmanned helicopter systems.”

News source: Emirates News Agency

Social Links : Facebook : Twitter : Youtube  : Linkedin  : Instagram : Pinterest : TikTok : Wordpress : Google : Blogger : Medium :

Our Partners : : : : : : : : : : : : : : : : : : : : : : : : : : :

UAE News Today :

UAE News Today : Latest UAE News, Dubai, Abu Dhabi, Sharjah & Middle East News : Get the latest updates & breaking headlines news from across the UAE including Dubai and Abu Dhabi UAE. Get the latest update on UAE, business, life style, UAE jobs, gold rate, Exchange rate, UAE holidays, Dubai police, RTA and prayer times from UAE's largest news.

Related Articles

Back to top button