"Edge" It acquires 51% of the company "Condor non-lethal technologies"
SAO PAULO, 1st May / WAM / EDGE, one of the world’s leading groups in the field of advanced technology and defense, announced today its acquisition of 51% of Condor Non-Lethal Technologies, based in Brazil, which in turn is considered one of the top five leading companies in… The field of non-lethal technologies worldwide. The acquisition of a stake in Condor, which includes the world’s largest non-lethal technology portfolio of more than 160 products, will enhance Edge’s capabilities and push the group to become a global leader in the field of highly specialized defence, public security and homeland security. Together, the two companies also plan to expand their market share in various sectors of non-lethal technologies around the world, in addition to entering new markets of strategic importance such as the United States of America. The deal was signed in São Paulo, and the signing ceremony was witnessed by the senior leadership teams of both companies. Condor has a presence in more than 85 countries and is the world’s leading producer of tear gas and related products for military purposes, civil defense, military scenarios and public security. It also produces a wide range of leading non-lethal products including controlled-impact rubber ammunition, smoke grenades, explosive and smoke grenades, fireworks, tactical operations tools, aerosols, as well as drones containing… Chemical irritants with command and control capabilities, electrical incapacitating devices, and wearable cameras with facial recognition, among other products. Hamad Al Marar, Managing Director and CEO of EDGE Group, said: “This step is a very important development and brings great benefits to EDGE Group, considering that the presence of “Condor” as part of the group would open new horizons for achieving sustainable global growth, in addition to enhancing innovation.
He continued: This will also enable us to diversify our offerings through constructive cooperation with a world leader in the design and manufacture of advanced non-lethal technology solutions. This fruitful partnership reflects the success of our strategy of establishing valuable, win-win partnerships in Brazil and elsewhere with the aim of achieving positive results and benefits. tangible for all parties at the international level.”
He added: “Our world is currently witnessing a period of increasing civil unrest, refugee crises, and street protests. There are also growing concerns about the levels of force used in combat situations in populated environments, asymmetric warfare, and post-war damage control, where non-lethal technologies play a role.” Important in such battles. As a result, the challenges and pressures faced by the relevant parties of the defense and local law enforcement forces are growing, knowing that by benefiting from the experience and knowledge provided by “Condor”, Edge has the necessary capabilities to enhance its current capabilities to provide. “Customers with an unparalleled, centralized set of technologies to protect life and human rights, in multiple scenarios and situations.” The global market for non-lethal technologies was valued at approximately US$6 billion last year, and is likely to grow significantly by the end of the current decade. Carlos de Aguiar, CEO and founder of Condor, said: “Condor is one of the leading, most experienced and advanced global companies in the field of non-lethal technologies. The fruitful partnership reinforces confidence in our company’s capabilities, and also reflects our commitment to building a safer future for all.” , especially in Brazil.
He added that the founders of “Condor” are fully confident in the sustainable commitment of both sides to achieve excellence by promoting innovation in the sector, which will enable us to implement this sound vision and contribute to local economic growth in the state of Rio de Janeiro and in the United Arab Emirates alike. We believe that combining the efforts of our qualified experts, highly trained in all the techniques necessary for the proportionate and progressive use of force, and the economies of scale offered by the EDGE Group, this combination of our proven experience and dedication to quality will bring benefits to the defense sector and the public security system in Brazil.”
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