Tech UAE’s Edge buys majority stake in Jordan robotics firm By Pramod Kumar May 24, 2023, 5:44 AM Edge Top executives of Edge and Mars Robotics sign the stake acquisition deal UAE’s technology and defence firm Edge Group has acquired an 80 percent stake in Mars Robotics, an autonomous robotics services provider in Jordan. Mars Robotics will work with Edge’s advanced concepts, focusing on design, development, and deployment of advanced and innovative technologies. Mansour Al Mulla, managing director and CEO of Edge, said: “As we rapidly grow and develop the solutions that play a critical role in a secure future, so too must our engineering and innovation capabilities. Acquiring a company with expertise in developing high-performance unmanned aerial systems (UAS) is a logical step for us.” Financial details of the acquisition were not given. Founded in 2013, Mars Robotics provides engineering services to unmanned aerial systems’ (UAS) original equipment manufacturers (OEMs) in hardware, peripherals, networks, software, support, service, and training for various applications in the military and civil markets. In January, Edge announced an investment in High Lander, the Tel Aviv-based company behind Universal UTM, a drone-agnostic unmanned traffic management solution. The company recently opened a new regional office in Brazil’s federal capital, Brasilia, to take advantage of opportunities in local markets as experts expect defence spending in Brazil to increase to nearly $25 billion this year. Edge includes more than 20 entities split into four core clusters – platforms and systems, missiles and weapons, electronic warfare and cyber technologies, trading and mission support.
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