Patria received authority approval for the Nordic Drones acquisition

Patria announced on 13 June, 2024 about the acquisition of a leading manufacturer of drone systems Nordic Drones Oy.

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

Further information:

communications@patriagroup.com

Patria is an international provider of defence, security and aviation life cycle support services, technology solutions and pilot training. Patria provides its aerospace and military customers with equipment availability, continuous performance development as well as selected intelligence, surveillance and management system products and services. Patria’s mission is to give its customers confidence in all conditions, and the vision is to be the #1 partner for critical operations on land, sea and air. Patria has several locations including Finland, Sweden, Norway, Belgium, the Netherlands, Estonia, Latvia and Spain. Patria employs over 3,000 professionals. Patria is owned by the State of Finland (50.1%) and Norwegian Kongsberg Defence & Aerospace AS (49.9%). Patria owns 50% of Nammo, and together these three companies form a leading Nordic defence partnership.
www.patriagroup.com