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Thursday, May 23, 2024

Edge Acquires Security Solutions Company Etimad Holding


Edge Group, one of the world’s leading advanced technology and defense groups, announced the acquisition of 100% of Etimad Holding LLC (Etimad), a technology solutions and services company.

Etimad focuses on security system solutions, system integration, project implementation and execution in the fields of border security, law enforcement, critical infrastructure, city management, safe city, traffic management and cybersecurity.

With this acquisition, Edge will enhance its broad capabilities by establishing a new homeland security cluster and growing its talented workforce to more than 12,000. Homeland Security is a rapidly growing field with great potential for synergy between Edge’s current programs and capabilities. This will position Edge as a leader in security solutions and diversify its offerings across key areas.

great value

Mansour AlMulla, Managing Director and Chief Executive Officer of Edge, said: “Part of Edge’s broader growth strategy, both in the UAE and internationally, is to consolidate entities with significant capabilities that can add value to our portfolio. Adding significant value.The launch of the new homeland security cluster and the acquisition of Etimad advance our growth strategy and broaden our unique offering.

“By combining our broad range of solutions, expertise and resources, and leveraging synergies, this strategic move positions us at the forefront of advanced technology players globally and enables us to offer innovative and comprehensive solutions to our customers and strategic partners. solution.”

Consisting of a series of principal operating companies and capabilities, Etimad provides end-to-end fulfillment, control and assurance for national security programs in the areas of homeland security, defense, oil and gas, transportation, telecommunications, seaports and airports. Since its inception, Etimad has delivered over 2,000 major projects in the UAE, including critical infrastructure projects, border and coastal security, and the design and production of unmanned aerial vehicles (UAVs). — trade arab news agency


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