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ABU DHABI, 17th February, 2023 (WAM) — EDGE Group PJSC has taken a 70% stake in Abu Dhabi-based GRADEONE, a company specializing in the manufacture of non-lethal pyrotechnics, ammunition, defense-related components and packaging solutions, and defense trade.
GRADEONE will join EDGE’s trade and mission support cluster. The announcement comes ahead of the International Defense Exhibition (IDEX), which will be held at the Abu Dhabi Exhibition Center (ADNEC) from February 20-24.
As one of the world’s leading advanced technology and defense groups, EDGE has seized the opportunity to further expand its defense manufacturing, communications and trading capabilities by bringing GRADEONE into the group.
Regarding the acquisition, Mansour AlMulla, Managing Director and CEO of EDGE, said: “EDGE is growing rapidly and we are also focusing on the development of the defense trade. The integration of GRADEONE into the group is a positive for both companies “A logical and logical decision that enables EDGE to further refine our solutions in military and security services. It also reinforces EDGE’s strategy to develop successful partnerships, expanding our own supply chain and trade capabilities in the long run.” The reliability that GRADEONE has demonstrated in the region and the resilience to deliver on its promises in a challenging environment will bring tangible benefits to EDGE and its customers.”
In addition to defense trade and services, GRADEONE specializes in providing a variety of solutions to the military and defense sectors, including Army, Special Forces, Navy, Air Force, Law Enforcement and Search and Rescue services. GRADEONE also offers sports and hunting equipment, supplies and accessories.
Khalifa Al Ali, Managing Director of GRADEONE, added: “GRADEONE is proud to be a member of EDGE and we believe joining forces with the Group will open up new Together local and international partners contribute to regional security.
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