Search Site

Borouge 2024 net profit $1.24bn

The company said it will maintain a $1.3bn dividend for 2025.

ADQ, Orion to establish JV

The partners commit to deploying $1.2bn in the next four years.

Alpha Dhabi acquires interest in NCTH

The deal increases NCTH's portfolio to 8 hotels with 1,500 keys.

Meraas awards construction contract

The $272m contract has been awarded for Bluewaters Bay.

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

EDGE acquires majority stake in MARS Robotics

EDGE Group is one of the leading advanced technology and defense groups in the MENA region.
  • MARS Robotics will work closely with EDGE’s Advanced Concepts, which focuses on the rapid design, development, and deployment of advanced and innovative technologies
  • Founded in 2013, MARS Robotics provides engineering solutions and services to Unmanned Aircraft Systems OEMs in hardware, peripherals, networks and software

Abu Dhabi, UAE – EDGE, a technology and defence group, on Tuesday announced the acquisition of an 80 percent stake in MARS Robotics, a leader in autonomous robotic solutions based in Jordan.

MARS Robotics will work closely with EDGE’s Advanced Concepts, which focuses on the rapid design, development, and deployment of advanced and innovative technologies. Announced at Langkawi International Maritime and Aerospace Exhibition (LIMA 2023), where EDGE is displaying a broad array of autonomous solutions and smart weapons, the acquisition will create opportunities for EDGE to expand its offerings and support its customers globally.

“EDGE’s acquisition of MARS Robotics represents a solid strategic investment that aligns with our ongoing ambitions in the autonomous systems domain,” Mansour AlMulla, Managing Director and CEO of EDGE, said. “As we rapidly grow and develop the solutions that play a critical role in a secure future, so too must our engineering and innovation capabilities.”

Dr. Mohammad Amin Al-Jarrah, General Manager and Founder of MARS Robotics, said the acquisition will see their team complement and strengthen EDGE’s aerospace and autonomous engineering capabilities and will expand the Group’s position as a serious global player in the autonomous systems sector.

Founded in 2013, MARS Robotics provides engineering solutions and services to Unmanned Aircraft Systems original equipment manufacturers (OEMs) in hardware, peripherals, networks, software, support, service, and training for various applications in the military and civil markets.