EDGE acquires majority stake in autonomous air systems developer ANAVIA

EDGE acquires majority stake in autonomous air systems developer ANAVIA

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The UAE’s EDGE Group has announced the acquisition of a 52 per cent majority shareholding in ANAVIA, a Switzerland-based company that specialises in the design, development, and manufacturing of versatile vertical take-off and landing (VTOL) systems of up to 750 kilogrammes.

The acquisition will see EDGE become a market leader in this highly-specialised yet growing sector.

ANAVIA produces various industry-leading unmanned helicopters for various mission profiles, such as surveillance and reconnaissance, inspection, and mapping and cargo, which can be adapted to EDGE’s cross-complementary portfolio of air, land, and maritime capabilities.

EDGE places emphasis on autonomous vehicles

The group is placing a major focus on developing autonomous systems.

Mansour AlMulla, managing director and CEO of EDGE Group, said, “The acquisition of a majority share in ANAVIA is an important step in our strategy of bolstering its advanced autonomous aerial vehicle capabilities as it rapidly expands its portfolio of multi-domain systems and solutions and its global export footprint.

The deal will enable us to benefit from ANAVIA’s proven experience in developing high-quality and technologically advanced unmanned helicopters to complement our existing range of autonomous aerial systems and its established supply chains to become a market leader. It will also allow ANAVIA to take advantage of