EDGE Group Takes a Bold Step into the Global Advanced Radar Arena with Strategic Alliance with Spain’s Tech Pioneer Indra
- The partnership will provide the Abu Dhabi-based Joint Venture (JV) access to a non-NATO, non-EU reserve of contracts for nearly 300 advanced radar systems, significantly enhancing its capabilities in the advanced radar solutions sector for aerial, terrestrial, and maritime applications.
- This collaboration will enable Indra to strategically elevate and expedite the technological and commercial evolution of its radar sector, creating fresh opportunities in burgeoning international markets – an essential goal of its innovative Strategic Plan.
Abu Dhabi, UAE / Madrid, Spain: 04 March 2024 – EDGE Group has officially established a new Joint Venture (JV) agreement with Spain’s Indra Sistemas (Indra), an internationally acclaimed information technology and defense systems enterprise with a presence in over 140 nations, and a vital contributor to significant European initiatives such as the Eurofighter and the Future Combat Air System (FCAS). The accord, signed in Madrid by EDGE Managing Director & CEO Hamad Al Marar and CEO of Indra Jose Vicente de los Mozos, will empower the new Abu Dhabi-based JV to forge and manufacture next-gen radar systems in the UAE, unlocking a stream of contracts for approximately 300 sophisticated radar solutions. The newly established business will receive prime rights for existing and upcoming non-NATO and non-EU orders awarded to Indra.
H.E. Faisal Al Bannai, Chairman of EDGE Group, remarked: “We perceive immense value in cultivating relationships that will stimulate growth and yield significant advantages for all involved. Our new joint venture with Indra, recognized as a global leader in advanced radar technologies, will allow us to merge the strengths of both enterprises to construct a formidable entity in this domain. We are optimistic that this strategic collaboration will turn out to be extraordinarily successful.”
Marc Murtra, Chairman of Indra, stated: “This partnership between the two firms has the potential to establish one of the globe’s foremost entities in radar technology and marks a progression in Indra’s international growth strategy. Through strategic endeavors like this, we are taking decisive strides in pivotal vectors of our Strategic vision 2024-2026: technological preeminence, global expansion, and fostering partnerships.”
The JV will emphasize a strategic focus on the ongoing advancement of refined technologies, innovation, and worldwide market penetration by targeting uncharted and fragmented non-NATO markets outside the EU. EDGE will contribute its commercial prowess and technology foundations, while Indra will bolster the new firm’s capabilities through technology transfer, shifting some engineering, commercial, and manufacturing proficiencies to the JV.
During the formal signing event at the Ministry of Defence in Madrid, EDGE Group Managing Director & CEO Hamad Al Marar commented: “This new joint venture with one of Europe’s premier defense technology enterprises will empower EDGE, in collaboration with Indra, to significantly broaden and diversify its offerings through knowledge exchange, along with the development and production of sophisticated radar systems for clients globally.”
“Aligned with our growth strategy through mutually beneficial alliances, we are wholly committed to this venture, which will be supported by both companies’ established reputation for excellence, enabling us to merge our strengths to foster innovation, develop sovereign capabilities, and widen market accessibility, contributing to the technological progress and economic development of the UAE and Spain.”
José Vicente de los Mozos, CEO of Indra, remarked: “The collaboration between Indra and EDGE Group will be distinguished by its innovative capacity and the adoption of cutting-edge technologies. This alliance will facilitate the expansion of our geographical reach and our international outlook in our Defense sector while enhancing our proximity to global clientele. We at Indra are convinced that this JV will unlock significant new business opportunities in emerging markets. This agreement is an essential asset of the Industrial and Strategic Plan ‘Leading the Future’, which will be unveiled on March 6th – a pivotal milestone for Indra’s strategic transformation.”
The JV will also prioritize assembling a team of highly-skilled personnel in the UAE, particularly within sales and engineering functions, by harnessing local Emirati talent in conjunction with global expertise, ensuring enduring operational excellence and innovative output.
