Patria has signed a bill of sale for the acquisition of the entire share capital of Nordic Drones Oy (‘Nordic Drones’), a Finnish leading drone pilot trainer and manufacturer of drones designed for professional use.
Nordic Drones has designed and delivered complete solutions and user training for various technical aerial photography as well as mapping, measurement, inspection, control and authority tasks for the needs of more than 100 companies and organizations. The company employs 10 people and is located in Muurame, Finland. The parties do not disclose the value of the acquisition.
Driving Patria’s growth strategy requires significant investments in product development, innovations and partnerships. What Patria offers also in the field of unmanned system solutions is constantly being developed.
“Integrating the capabilities of unmanned systems into the defence system is a prerequisite when preparing for today’s threats of battlefield. Patria’s strong development and research expertise as well as experience in autonomous systems, indirect fire systems and system integrations make our company a leading player in the field,” says Jussi Järvinen, Executive Vice President of Patria’s Finland Division.
“Nordic Drones’ expertise in manufacturing professional drone systems for numerous customers is an excellent and logical reinforcement of Patria’s Unmanned Aerial Systems (UAS) offering, which benefit our mutual and new customers in Finland and internationally, across all operating environments.”
Nordic Drones has been developing unmanned drone systems for over ten years. The company has achieved a significant position as a partner for Nordic security authorities. “We have succeeded in developing internationally unique product systems with huge market potential. We believe that Patria is the best partner to speed up our internationalization. In the future, we will also be able to offer even wider and more interesting solutions to our customers together with Patria,” comments Pietari Sorri, Managing Director of Nordic Drones.
The completion of the acquisition requires the approval of the Finnish Ministry of Employment and the Economy (‘TEM’) and the related authority process has started. If the acquisition takes place, it will not affect the company’s customer commitments, employment relationships or other commitments made by the company. The length of the official process is dependent on TEM, the approving authority in question.
