UAE’s EDGE Group enters pact with Spain’s Indra
JV to produce next-gen radar systems in the UAE
The Abu Dhabi-based EDGE Group has formalised a new Joint Venture (JV) agreement with Spain’s Indra Sistemas (Indra), a leading global technology and consulting company.
The agreement, signed in Madrid by Hamad Al Marar, EDGE Managing Director & CEO, and Jose Vicente de los Mozos, CEO of Indra, will see the new Abu Dhabi-based JV develop and manufacture next-generation radar systems in the UAE, opening a pipeline of orders for approximately 300 advanced radar solutions for air, land and sea use.
The new business will be granted prime rights for current and future non-NATO and non-EU orders awarded to Indra.
Non-NATO markets
The JV will strategically focus on developing sophisticated technologies, innovation, and global market expansion by targeting untapped and fragmented non-NATO markets outside the European Union.
EDGE will bring its commercial strength and technology building blocks to the JV. At the same time, Madrid-headquartered Indra will enhance the new company’s capabilities by transferring technology and shifting some engineering, commercial, and manufacturing capabilities from Spain to the JV operation in the UAE.
The JV will also focus on building a team of highly qualified personnel in the UAE, particularly in sales and engineering roles, by leveraging Emirati and global talent, ensuring sustainable operational excellence and innovative output.
Diversification opportunities
Speaking at the official signing ceremony at the Ministry of Defence in Madrid, Hamad Al Marar, EDGE Group Managing Director & CEO, said: “This new joint venture with one of Europe’s top three defence technology players in this sector will enable EDGE, in partnership with Indra, to significantly expand and diversify the scope of its offerings through knowledge sharing, and the development and manufacture of advanced radar systems to customers around the world.
“In line with our strategy for growth through mutually beneficial partnerships, we are fully committed to this venture, which will be built on both companies’ existing reputation for excellence, and which will enable us to combine our strengths to drive innovation, develop sovereign capabilities, and expand market reach, while contributing to the technological advancement and economic growth of the UAE, and Spain.”
José Vicente de los Mozos, CEO of Indra, said: “The JV between Indra and EDGE Group will be recognised for its capacity for innovation and the use of the most sophisticated technologies. This JV will help us expand our geographical reach and international mindset in our defence business and increase our proximity to global clients.”
Faisal Al Bannai, Chair of EDGE Group, said: “We see tremendous value in building relationships which will spur growth and bring tangible benefits to all parties.
“Our new joint venture with Indra, as a global market leader in advanced radar technologies, will enable us to combine the strengths of both companies to create an entity that will become a significant industry player in this sector.
“We are confident that this strategic partnership will prove to be a highly successful one.”
Radar technology focus
Marc Murtra, Chair of Indra, said: “This agreement between the two companies can create one of the world’s leading players in the field of radar technology and is a step forward in Indra’s international expansion strategy.
“With strategic initiatives such as this, we are making decisive steps in key vectors of our strategic vision 2024-2026: technological leadership, international growth and partnerships building.”
EDGE Group is a prominent global advanced technology group. Its primary mission is to pioneer agile, daring, and transformative solutions for defence and other sectors.
Dedicated to accelerating the delivery of groundbreaking innovations, products, and services, EDGE aims to establish the UAE as a key global hub for emerging industries.
Centred on embracing 4IR technologies, EDGE contributes to developing sovereign capabilities for global export and national security preservation.
Collaboration with frontline operators and international partners and integrating cutting-edge technologies, such as autonomous capabilities, cyber-physical systems, advanced propulsion systems, robotics, and intelligent materials, are integral to its approach.
The Emirati organisation consolidates over 25 entities into five core clusters: Platforms & systems, missiles & weapons, space & cyber technologies, trading & mission support, and homeland security.
Renowned for its proprietary solutions in transport and defence markets, Indra is a critical player in digital transformation and IT in Spain and Latin America through its affiliate Minsait.
Indra operates on a comprehensive business model and focuses on proprietary products characterised by high value, end-to-end solutions, and a significant innovation component.
Featured image: EDGE Group and Indra representatives pose after the signing of the JV agreement at the Spanish Ministry of Defence in Madrid. Image: EDGE Group-Indra
