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UAE’s Edge buys 52% stake in Swiss UAV maker

By Pramod Kumar
Anavia manufactures UAVs for surveillance and reconnaissance missions as well as inspection, mapping and cargo Anavia
Anavia manufactures UAVs for surveillance and reconnaissance missions as well as inspection, mapping and cargo

UAE state-owned defence company Edge Group has acquired a 52 percent majority shareholding in Anavia, a Swiss unmanned aerial vehicle (UAV) developer.

The company manufactures unmanned helicopters for surveillance and reconnaissance missions, as well as inspection, mapping and cargo.

Edge aims to use the unmanned helicopters to strengthen its air, land, and maritime capabilities, the UAE state-run Wam news agency reported.

Mansour AlMulla, CEO of Edge Group, said the deal will allow the company to expand its global footprint.

Anavia specialises in the design, development and manufacturing of versatile vertical take-off and landing systems of up to 750 kilograms.

Edge Group last month acquired a 50 percent stake in Brazilian smart weapons and high-tech systems specialist Siatt.

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