Emirati tech and military conglomerate EDGE Group has acquired a 52% stake in Switzerland-based vertical and take-off (VTOL) systems developer Anavia, according to a press release. The move comes as Edge looks to expand its portfolio of multi-domain systems and solutions and strengthen its “autonomous aerial vehicle capabilities,” Managing Director and CEO of EDGE Group Mansour Al Mulla said.

The details: The acquisition aims to position Edge as a market leader in the advanced unmanned helicopter domain, with the help of Anavia’s product range, which spans a variety of mission profiles, including mapping and cargo capabilities. The partnership aims to facilitate advancement in the autonomous aviation field and “deliver ground-breaking solutions” in military and civilian aviation sectors, according to Founder and Co-CEO of ANAVIA Jon Andri Jörg.

Mark your calendars: Edge plans to showcase Anavia’s VTOL solutions at the upcoming 2023 Dubai Airshow on 13-17 November.

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