West Europe
ItalyUAE defense firm EDGE acquires Italian engine manufacturer CMD
UAE-based defense conglomerate EDGE has completed the acquisition of a controlling stake in Italian aerospace and marine engine maker CMD.
Background
The United Arab Emirates has been actively expanding its defense industry and technological capabilities through strategic international acquisitions. This trend reflects a broader effort by the UAE to diversify its economy and enhance its geopolitical influence, particularly in advanced manufacturing sectors.
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UAE defense firm EDGE acquires Italian engine manufacturer CMD
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started 1d ago•Last update 1d ago
The UAE defense company EDGE has successfully purchased a majority share of the Italian company CMD, which produces engines.
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