Industry UAE’s Edge Group buys stake in tear gas manufacturer By Pramod Kumar May 2, 2024, 4:11 AM 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. NewsletterGet the Best of AGBI delivered straight to your inbox every week 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. Emirates in trade talks with South American quartet UAE’s Edge sets up venture with Italian shipbuilder Brazil now has the Edge in defence technology “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.
