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UAE’s Edge Group buys stake in tear gas manufacturer

By Pramod Kumar
Executives from the UAE's Edge Group and Brazil's Condor sign the stake acquisition deal Edge
Executives from the UAE's Edge Group and Brazil's Condor sign the stake acquisition deal

The UAE’s state-owned defence company Edge Group has acquired 51 percent of a Brazilian company which specialises in the manufacture of non-lethal technologies (NLT) such as tear gas and rubber bullets.

Condor Non-Lethal Technologies (Condor) has presence in more than 85 countries and is the world’s largest producer of tear gas and related products for military, civil defence, military and public security scenarios. 

The value of the deal was not given.

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Condor has a portfolio of more than 160 non-lethal technologies (NLT) products, including controlled impact rubber ammunition, smoke grenades, explosive and smoke hand grenades, pyrotechnics, tactical operation kits, sprays, and drones with chemical irritant agents.

The companies will work to expand market share in different NLT segments globally and enter new strategically important markets such as the US. 

“This is a hugely significant development for Edge,” said group managing director and CEO Hamad Al Marar.

The global market in NLTs was worth nearly $6 billion in 2023 and is expected to grow significantly by the end of the decade, the statement said.

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