Abu Dhabi-based Edge Group acquires 70% stake in Gradeone

Abu Dhabi-based Edge Group has obtained a 70 per cent stake in Abu Dhabi-based Gradeone, a company that specialises in manufacturing non-lethal pyrotechnics, ammunition, defence-related components and packing solutions, and defence trading.

Established in 2018, Gradeone has an established international network of partnerships within the defence, security, and rescue sectors.

The company will join Edge as part of its Trading and Mission Support cluster.

#LeadingEDGE expands its defence manufacturing, communications, and trading capabilities by acquiring a 70% stake in GRADEONE, which will join the Group’s Trading & Mission Support cluster: https://t.co/149GHAcfw9 pic.twitter.com/qF0Ogj3Gp0

— EDGE (@_edgegroup) February 17, 2023

Edge Group to focus on defence trading

Mansour AlMulla, MD and CEO of Edge, said the company is rapidly growing as its focus on the development of defence trading.

“Incorporating Gradeone into the group is an advantageous and logical decision for both companies, allowing us to further perfect our solutions, both in military and safety service domains. It also reinforces the company’s strategy of developing successful partnerships and broadening our own supply chain and trading capabilities in the long term,” he said.

In addition to defence trading and services, Gradeone specialises in providing various solutions to the military and defence sectors, including army, special forces, navy, air force, law enforcement, and search and rescue services. It also provides sporting and hunting equipment, supplies and accessories.

Khalifa Al Ali, managing director of Gradeone, said he was confident that joining forces with the group will open new possibilities for mutually beneficial cooperation, as well as help the company improve its capabilities. “We are delighted to continue contributing to regional safety with our mutual local and international partners.”

IDEX and NAVDEX

In recent news, the Adnec Group announced EDGE Group as the strategic partner for the 16th edition of the International Defence Exhibition (IDEX) and the 7th edition of the Naval Defence Exhibition (NAVDEX) 2023. Organised in cooperation with the UAE Ministry of Defence, the events will be held from 20-24 February 2023, at the Abu Dhabi National Exhibition Centre.