UAE's Edge to acquire 100% of Brazilian aerospace firm Akaer
What's the deal? Edge, a United Arab Emirates group focused on advanced technology and defence, announced on July 16 an agreement to acquire 100% of Brazilian aerospace engineering company AkaerDealroom has a profile for this one. Try Dealroom →. The deal value was not disclosed and remains subject to customary closing conditions and regulatory approvals.
What does Akaer do? The Brazilian firm operates in aerospace engineering, producing devices such as the Opto-ThermoScan for body temperature control. It already works with Edge on developing and industrialising unmanned systems.
What's the endgame? Edge said the acquisition will strengthen its ability to meet industrialisation timelines for strategic unmanned aerial vehicle (UAV) programmes. It also expands the group's competencies in optronics, electro-optical and infrared systems, and space-related technologies.
Why it matters: The deal deepens an existing partnership, moving Edge from collaboration to full ownership. Edge said its priority is ensuring continuity for Akaer's staff, programmes, and clients.
"Our priority is to ensure continuity for Akaer's employees, its programmes, and its clients, while building a solid foundation for long-term growth," said Hamad Al Marar, managing director and chief executive officer of Edge Group.
The signal: The acquisition marks another step in the UAE's push to build out its defence and aerospace industrial base through foreign deals, extending its reach into Brazil's aerospace engineering sector.
Read more: Valor Econômico
Image credit: Chris Hunkeler