UAE's Edge Group takes over Swiss unmanned helicopter maker Anavia
The acquisition comes as the Swiss government debates a screening mechanism for foreign acquisitions of local firms with national security implications.
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The acquisition comes as the Swiss government debates a screening mechanism for foreign acquisitions of local firms with national security implications.
The announcement came ahead of Dubai Airshow 2023 where EDGE will showcase ANAVIA's VTOL solutions brought into its portfolio through the acquisition of a majority shareholding in the Swiss company.
Emirati defense conglomerate Edge Group has purchased a majority stake in Switzerland-based vertical-takeoff-and-landing UAS developer Anavia.
The Ministry of Industry and Advanced Technology (MoIAT) and Edge Group have launched Tour 4.0, an initiative that will hasten digital transformation and promote advanced technology adoption in the UAE’s industrial ecosystem.
The Edge Group will participate in Dubai Airshow 2023