- EDGE to take 51% shareholding to boost its overall capabilities
in the domain of public security
EDGE, one of the world’s leading advanced technology and defence
groups, today announced the acquisition of 51% of Brazil-based
CONDOR Non-Lethal Technologies (CONDOR), one of the top five
industry leaders in Non-Lethal Technologies (NLT) worldwide. The
acquisition of a shareholding in CONDOR, which boasts the world’s
largest portfolio of over 160 NLT products, will boost EDGE’s
capabilities and propel the group to become a global leader in the
highly-specialised domain across defence, and public and homeland
security. Together, both companies plan to expand market share in
different NLT segments globally, and to enter new strategically
important markets such as the USA. The historic deal was signed in
Sao Paulo, and was witnessed by the senior leadership teams of both
companies.
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EDGE Becomes a Global Player in
Non-Lethal Technologies by Acquiring Industry Leader CONDOR (Photo:
AETOSWire)
CONDOR has a footprint in over 85 countries and is the world’s
foremost producer of tear gas and related products for military,
civil defence, military and public security scenarios, and a leader
in other non-lethal products including controlled impact rubber
ammunition, smoke grenades, explosive and smoke hand grenades,
pyrotechnics, tactical operation kits, sprays, drones with chemical
irritant agents and command & control capabilities, electrical
incapacitating devices, and body worn cameras with facial
recognitions, among other products.
Hamad Al Marar, EDGE Group Managing Director & CEO, said:
“This is a hugely significant development for EDGE. Having CONDOR
as part of the group opens up new avenues for sustainable global
growth and innovation, enabling us to diversify our offerings by
partnering with a proven world leader in the design and manufacture
of sophisticated NLT solutions. It also clearly demonstrates that
our strategy of forming valuable ‘win-win’ partnerships in Brazil
and elsewhere is delivering tangible results and benefits to all
parties on an international scale.
“Our world is currently experiencing a period of not only
increased civil unrest, immigration crisis, and street protests,
but also major concerns about the levels of force used in combat
situations in populated environments, asymmetric warfare, and
post-war damage control, where non-lethal technologies play a
relevant role. The challenges and pressures faced by concerned
stakeholders from local law enforcement and defence forces continue
to grow as a result. By absorbing the experience and knowledge
provided by CONDOR, EDGE is able to bolster its exiting
capabilities to deliver to customers an unbeatable and centralised
range of technologies for the protection of life and humans rights,
in multiple scenarios and situations.”
The global market in NLTs last year was worth approximately US$
6 billion, and is expected to grow significantly by the end of the
decade.
Carlos Erane de Aguiar, CEO and founder of CONDOR, said: “CONDOR
is one of the most experienced and advanced global leaders in
non-lethal technologies, and this partnership with EDGE, which has
demonstrated its faith in the capabilities of our company, and in
Brazil itself, further strengthens our commitment to building a
safer future for all. The founders of CONDOR are fully confident
that the ongoing commitment from both sides to pursue excellence in
our sector through continuous innovation will enable us to realise
this vision, and contribute to local economic growth in the State
of Rio de Janeiro and in the UAE. Combining the efforts from our
highly trained and qualified executives across the entire spectrum
of technologies necessary for the proportional and gradual use of
force, and the economies of scale provided by EDGE Group, we
believe that this joining of our proven experience and dedication
to quality, will benefit the entire defence and public security
ecosystem in Brazil.”
Video Link: https://youtu.be/voeoB5zEfRU?si=E0SKqYwwtPF44DvJ
About EDGE
Launched in November 2019, the UAE’s EDGE is one of the world’s
leading advanced technology groups, established to develop agile,
bold and disruptive solutions for defence and beyond, and to be a
catalyst for change and transformation. It is dedicated to bringing
breakthrough innovations, products, and services to market with
greater speed and efficiency, to position the UAE as a leading
global hub for future industries, and to creating clear paths
within the sector for the next generation of highly-skilled talent
to thrive.
With a focus on the adoption of 4IR technologies, EDGE is
driving the development of sovereign capabilities for global export
and for the preservation of national security, working with
front-line operators, international partners, and adopting advanced
technologies such as autonomous capabilities, cyber-physical
systems, advanced propulsion systems, robotics and smart materials.
EDGE converges R&D, emerging technologies, digital
transformation, and commercial market innovations with military
capabilities to develop disruptive solutions tailored to the
specific requirements of its customers. Headquartered in Abu Dhabi,
capital of the UAE, EDGE consolidates more than 25 entities into
five core clusters: Platforms & Systems, Missiles &
Weapons, Space & Cyber Technologies, Trading & Mission
Support, and Homeland Security.
For more information, visit edgegroup.ae
About CONDOR
Founded in 1985, and based in the State of Rio de Janeiro,
CONDOR is one of Brazil’s largest exporters of defence related
solutions and is a Global Leader in Non-Lethal Technologies (NLT).
The company’s manufacturing facility covers one million square
metres, and includes eighteen research laboratories and its own
pioneering Institute of Science and Technology, dedicated to the
research, innovation, and manufacture of NLT devices and
systems.
CONDOR’s commitment to the Non-Lethal Concept is recognized in
over 85 countries, where the company has the opportunity to not
only sell Its technologies but also to promote de proportional and
reasonable use of force by Defence Forces and Law Enforcement
agents.
Source: AETOSWire
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For media enquiries, please contact: EDGE Group Press
Office Priyadarshini Roy media@edgegroup.ae +971551272341 /
+971553584520