EDGE acquires Etimad Holding, a major player in UAE’s security solutions space

EDGE acquires Etimad Holding, a major player in UAE’s security solutions space

EDGE Group PJSC (EDGE), one of the world’s leading advanced technology and defence groups, announced the acquisition of a 100% stake in Etimad Holding LLC (Etimad), a technology solutions and services company with a focus on security systems solutions, systems integration, projects fulfilment, and execution in the fields of border security, law enforcement, critical infrastructure, urban management, safe city, traffic management, and cybersecurity. Through this acquisition, EDGE will enhance its extensive capabilities by establishing a new Homeland Security cluster and boosting its talented workforce to 12,000+ employees. Homeland security is a fast-growing sector, with great potential for synergies across EDGE’s current programs and capabilities. This will position EDGE as a leader in security solutions and diversify its offerings across various critical sectors. Mansour AlMulla, Managing Director and CEO of EDGE, said, "Part of EDGE’s wider growth strategy in the UAE and internationally is to consolidate entities with significant capabilities which can add great value to our portfolio. The introduction of the new Homeland Security cluster and the acquisition of Etimad advances our growth strategy and expands our unique offerings. By combining our extensive solutions, expertise and resources, and capitalising on synergies, this strategic move takes us to the forefront as