Finance UAE’s Edge buys 50% of Brazil’s smart weapons firm By Pramod Kumar October 1, 2023 WAM Faisal Al Bannai, chairman of Edge Group (standing right) at the stake acquisition deal signed at Siatt's headquarters in Sao Jose dos Campos , Brazil UAE state-owned defence company Edge Group has acquired a 50 percent stake in Brazilian smart weapons and high-tech systems specialist Siatt. The acquisition, which follows a pact signed in April this year, is part of a co-development agreement between Edge and the Brazilian Navy for advanced long-range anti-ship missile technology, the UAE state-owned Wam news agency reported. The move falls under the Mansup national anti-ship missile project, for which Siatt provides the guidance, navigation, control and telemetry systems. The value of the deal was not disclosed. Mansour Al Mulla, CEO of Edge Group, said the company is committed to collaborating with strategically important industry players in Brazil through investments or partnerships to develop advanced defence capabilities and other related technologies. “As part of our Latin America development roadmap, particularly in the Brazilian market, we are embarking on the development and manufacture of the next generation of high-performance and price-competitive smart weapons and solutions.” Rogerio Salvador, CEO of Siatt, said that the company will benefit from Edge’s scale and international multi-domain experience to jointly develop the next generation of smart weapons solutions for armed forces and defence customers. Founded in 2015 and based in the city of São José dos Campos, Siatt’s product portfolio includes intelligent weapons such as missiles and guided munitions and their integration into aircraft, naval vessels, tanks and other land vehicles. In addition, it excels in radars, sensors, and avionics systems technologies.