Continuing its mission to achieve the long-term strategic goals of the Estonian economy and help Estonia become one of the most competitive countries in the world, Enterprise Estonia is currently showcasing 12 Estonian companies at the International Defence Exhibition (IDEX) 2023. Also participating in the exhibition is Milrem Robotics.
IDEX, a tri-service defence exhibition, is concluding today, at the Abu Dhabi National Exhibition Centre and is marking its 30th anniversary. As part of its continuing mission to facilitate Estonia becoming one of the most competitive countries in the world, the company is introducing Estonia as an able partner in the defence industry.
Milrem Robotics is involved in the development of intelligent unmanned ground vehicles, robotic warfare, concept of operations, and warfare analysis. The company will become a new entity under Edge’s platforms and systems cluster following Edge’s acquisition of a majority stake in Milrem Robotics. The investment will help the Estonian company expand its workforce, step up production, and grow its footprint internationally while providing Edge with access to markets in Northern Europe and others.
The acquisition of a majority stake in Milrem Robotics by Edge is an investment in the future of the UAE-based defence conglomerate. The addition of Edge as a new majority owner will allow Milrem to increase production, hire new people, acquire new know-how, and expand its product portfolio. The deal will further facilitate Estonian innovation in the defence industry, which is contributing to the growth of its sovereign defence industry.
The Estonian Defence and Aerospace Industry Association is accompanying these companies at the event, aiming to create better opportunities for member defence and security companies and contributing to Estonia’s economic development.