Sao Paulo, Brazil – The UAE’s EDGE Group, one of the leading advanced technology and defence groups, has announced the acquisition of a 50 percent stake in Brazilian smart weapons and high-tech systems specialist, SIATT.
The acquisition deal was officially signed at SIATT’s headquarters in the city of Sao Jose dos Campos and witnessed by Faisal Al Bannai, Chairman of EDGE Group, and the senior leadership teams of both companies.
The acquisition follows an agreement signed by both companies in Rio de Janeiro in April this year, and is part of a subsequent co-development agreement signed between EDGE and the Brazilian Navy for advanced long-range anti-ship missile technology. This is as part of the MANSUP national anti-ship missile project, for which SIATT is providing the guidance, navigation, control and telemetry systems.
“EDGE is committed to collaborating with strategically important industry players in Brazil, through investments or partnerships, in order to develop advanced defence capabilities and other related technologies,” Mansour AlMulla, Managing Director and CEO of EDGE Group, said.
“As part of our Latin America development roadmap, particularly in the Brazilian market, we are embarking on the development and manufacture of the next generation of high-performance and price-competitive smart weapons and solutions. Together with SIATT, we aim to become relevant market players in high-tech defence systems,” he added.
Founded in 2015, and based in the city of São José dos Campos, SIATT specialises in the integration of systems with high technological content, which provides solutions to the demands of the defence and aerospace sectors.
Rogerio Salvador, CEO and one of the founders of SIATT, termed the 50% acquisition by EDGE Group as a proud moment for SIATT as a regional leader in the field of advanced missile technology.
“EDGE’s investment in our expertise and our renowned capabilities is a testament to the high quality of our products and systems,” he said. “In turn, it will enable us to benefit from EDGE’s scale and international multi-domain experience to jointly develop the next generation of smart weapons solutions for our respective Armed Forces, and other defence customers. SIATT, as a Brazilian Strategic Defence Company – EED, remains fully committed to contributing to national sovereignty.”
SIATT’s product portfolio includes intelligent weapons such as missiles and guided munitions, and their integration onto aircraft, naval vessels, tanks and other land vehicles. Additionally, SIATT also excels in radars, sensors, and avionics systems technologies.