EDGE Expands Its Defence Portfolio With A Majority Stake In CONDOR Non-Lethal Technologies

In a strategic move that marks a significant milestone in the defence and security sectors, EDGE, a global leader in advanced technology and defence, has announced its acquisition of a 51% stake in CONDOR Non-Lethal Technologies, a Brazil-based company renowned for its extensive range of Non-Lethal Technologies (NLT). This partnership is set to enhance EDGE's capabilities and position the group as a frontrunner in the domains of defence, public, and homeland security on a global scale.

CONDOR, recognized as one of the top five industry leaders worldwide, brings to the table the world's largest portfolio of NLT products, comprising over 160 items. This acquisition not only expands EDGE's product offerings but also opens up avenues for growth and innovation by entering new markets, including the strategically important USA market. The agreement was finalized in Sao Paulo, in the presence of senior leadership from both companies.

With a presence in over 85 countries, CONDOR stands as the leading producer of tear gas and related products for various scenarios ranging from military and civil defence to public security. Their product line extends to controlled impact rubber ammunition, smoke grenades, explosive and smoke hand grenades, pyrotechnics, tactical operation kits, sprays, drones equipped with chemical irritant agents and command & control capabilities, electrical incapacitating devices, and body-worn cameras with facial recognition technology.

Hamad Al Marar, EDGE Group Managing Director and CEO, expressed his enthusiasm about the acquisition: "This is a hugely significant development for EDGE. Having CONDOR as part of the group opens up new avenues for sustainable global growth and innovation." He highlighted the strategic importance of forming 'win-win' partnerships that deliver tangible benefits internationally.

The collaboration comes at a time when the world is grappling with increased civil unrest, immigration crises, street protests, and concerns over the use of force in populated areas. Non-lethal technologies are becoming increasingly relevant in addressing these challenges. By integrating CONDOR's expertise and innovative solutions into its portfolio, EDGE is poised to offer an unparalleled range of technologies aimed at protecting life and human rights across various scenarios.

The global NLT market was valued at approximately US$6 billion last year and is anticipated to witness significant growth by the end of this decade. Carlos Erane de Aguiar, CEO and founder of CONDOR, shared his optimism about the partnership with EDGE: "This partnership...further strengthens our commitment to building a safer future for all." He emphasized the mutual commitment to excellence through continuous innovation and how this collaboration will contribute to economic growth in Rio de Janeiro and the UAE while enhancing Brazil's defence and public security ecosystem.

This strategic acquisition by EDGE represents a pivotal step towards reshaping the landscape of non-lethal technologies globally. It underscores the importance of international collaborations in fostering innovation, enhancing capabilities, and addressing complex security challenges in today's rapidly evolving world.

With inputs from WAM