Home > World News > Defence News > Patria Acquisition of Nordic Drones Approved

Patria Acquisition of Nordic Drones Approved

[© Nordic Drones]

Patria receives approval for the Nordic Drones acquisition and transaction of open source data collection product and business from WithSecure.

~

Press Release, Helsinki, 01 October 2024: Patria announced on 13 June, 2024 about the acquisition of a leading manufacturer of drone systems Nordic Drones Oy and on 4 September, 2024 about the acquisition of an open source data collection product and business related to its cyber business area from WithSecure.

The completion of both acquisitions required the approval of the Finnish Ministry of Employment and the Economy (TEM) and the authority process has now been completed. The acquisitions will not affect customer commitments, employment relationships or other commitments made by the company or business area. The businesses will be transferred to Patria on 1 October, 2024.

~

You may also like
Babcock UK MoD Contract Extension
Boeing-built X-37B To Begin Advanced Space Manoeuvring
NATO Air Power During Exercise RAMSTEIN FLAG 24
JCB HMUV 2006 Concept Military Truck ~ Revisited