MARKET MOVEMENT
UAE ’ s EDGE Group announces acquisition of 50 % stake in Flaris
The UAE ’ s EDGE Group , one of the world ’ s advanced technology and defence groups , has announced the acquisition of a 50 % stake in Flaris , a pioneering Polish aviation technology company specialising in development of state-of-the-art personal jets . The two companies will establish a joint venture , enabling EDGE to further develop
Flaris ’ portfolio of jets , leveraging combined expertise to enhance the aircraft ’ s features and operational capabilities .
This strategic investment seamlessly integrates into EDGE ’ s expanding portfolio , and aligns with EDGE ’ s vision to bring innovative commercial technologies to the forefront of the defence industry . Flaris , renowned for its Flaris LAR1 short take-off and landing , STOL high speed personal jet , brings to EDGE a wealth of expertise in highprecision aerospace engineering , marking EDGE ’ s expansion into this field .
Mansour AlMulla , Managing Director and CEO of EDGE Group , said : “ Incorporating Flaris ’ engineering capabilities and a broad range of jets into our ecosystem is a strategic move for EDGE which will mark our expansion into jet engine manufacturing and advanced aviation technologies , and add significant value to our high-tech portfolio . We anticipate the opportunities this strategic investment and joint venture brings , particularly in transforming current aviation technologies into unmanned systems .”
Rafał Ładziński , CEO of Flaris , said : “ Joining forces with EDGE marks a major milestone for Flaris and underscores our shared commitment to engineering excellence and innovation . Their planned developments , especially in autonomous flight and advanced engine technology , align perfectly with our mission of pushing the boundaries of what personal jets can achieve . Our combined expertise will undoubtedly pave the way for further advancements in the aerospace industry .”
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Atturra to rebrand recently acquired Somerville as Atturra Managed Services
Atturra , an advisory and technology services business in designing , implementing , and maintaining IT solutions , announced that its recently acquired Somerville business will now be rebranded as Atturra Managed Services . Atturra Managed Services will continue to build on the four-decade record of success that Somerville has achieved in delivering enterprise-grade managed services including cloud , connectivity , modern workplace , security , and hardware and software lifecycle management .
Stephen Kowal Craig Somerville
This infrastructure is high performance , scalable , and resilient and meets the needs of more than 500 clients , including a strong position in the education sector with its solutions mix supporting over 285 schools in Australia .
Stephen Kowal , CEO , Atturra , said , “ Atturra Managed Services is an extremely strategic part of our business that will open up new avenues for innovation and growth and reinforce services delivery to boost growth in supporting large end-to-end projects in key target sectors , including education .
Craig Somerville , Executive General Manager , Atturra Managed Services said , “ We are looking forward to working with the wider Atturra business to access more resources , capabilities and strong partnerships to add even more value for our clients who have put their trust in us over the last 40 years knowing that we always have their business interests at heart .
The newly branded Atturra Managed Services business unit will be supported by the wider Atturra organisation to further engage with clients and prospects with market expertise in designing , implementing and supporting client systems and processes across the entire technology stack , from application to infrastructure , and further accelerating the expansion of operations into new technologies and markets . •
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