EDGE Group announced on 6/11/2023 the acquisition of a 52% majority shareholding in ANAVIA, a Switzerland-based company that specializes in the design, development, and manufacturing of VTOL systems.
EDGE CEO Mansour Al-Mulla said the acquisition will bolster the company's strategy of producing autonomous vehicles.
This note provides a comprehensive overview of the following:
- EDGE's bigger market plan behind this acquisition
- EDGE’s absorption plan for ANAVIA
- EDGE's manufacturing plans for other systems
The note also mentions EDGE's efforts to finalize additional acquisition agreements.
