Patria has signed a bill of sale to acquire the entire share capital of Nordic Drones, a leading Finnish drone pilot trainer and manufacturer of commercial drones. Nordic Drones, based in Muurame, Finland, provides comprehensive solutions and user training for technical aerial photography, mapping, measurement, inspection, control, and authority tasks to over 100 companies and organizations. The acquisition's value has not been disclosed.
Patria's growth strategy focuses on significant investments in product development, innovations, and partnerships, continuously enhancing its offerings in unmanned system solutions.
"Integrating the capabilities of unmanned systems into the defense system is a prerequisite when preparing for today's threats on the battlefield. Patria’s strong development and research expertise, combined with experience in autonomous systems, indirect fire systems, and system integrations, positions our company as a leading player in the field," said Jussi Järvinen, Executive Vice President of Patria’s Finland Division. "Nordic Drones’ expertise in manufacturing professional drone systems for numerous customers is an excellent and logical reinforcement of Patria’s Unmanned Aerial Systems (UAS) offering, benefiting our mutual and new customers in Finland and internationally, across all operating environments."
Nordic Drones has been developing unmanned drone systems for over ten years and holds a significant position as a partner for Nordic security authorities. "We have succeeded in developing internationally unique product systems with huge market potential. We believe that Patria is the best partner to speed up our internationalization. In the future, we will also be able to offer even wider and more interesting solutions to our customers together with Patria," commented Pietari Sorri, Managing Director of Nordic Drones.
The completion of the acquisition requires approval from the Finnish Ministry of Employment and the Economy (TEM). The related authority process has commenced. If approved, the acquisition will not affect the company’s customer commitments, employment relationships, or other commitments. The length of the official process depends on TEM.
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