{"id":"f05096b3-e12d-482c-baa6-83ab355aac99","slug":"edge-group-acquires-milrem-2023","acquirerCompanyId":null,"acquiredCompanyId":"a3b6528a-e3a0-49ad-b635-212e31df408b","acquirerName":"EDGE Group","acquiredName":null,"announcementDate":"2023-02-15T12:00:00.000Z","closeDate":null,"status":"completed","structure":"majority_stake","valuationUsd":null,"valuationBasis":"undisclosed","summary":"EDGE Group (UAE defense conglomerate) acquired a majority stake in Milrem Robotics, Europe's leading UGV maker (THeMIS, Type-X), announced February 2023 around IDEX - the largest foreign investment in Estonia's defense industry. Other shareholders (incl. KMW, founder/CEO Kuldar Vaarsi, employees) retained holdings; stake percentage and valuation not disclosed. Completed February 2023 (exact close date not published).","sources":[{"url":"https://milremrobotics.com/edge-acquires-majority-stake-in-milrem-robotics-europes-leading-developer-of-robotics-and-autonomous-systems/","title":"EDGE acquires majority stake in Milrem Robotics","sourceName":"Milrem Robotics (official)"}],"verificationPosture":"verified","reviewStatus":"reviewed","createdAt":"2026-06-05T19:37:37.686Z","updatedAt":"2026-06-05T19:37:37.686Z","acquirerCompany":null,"acquiredCompany":{"id":"a3b6528a-e3a0-49ad-b635-212e31df408b","slug":"milrem-robotics","name":"Milrem Robotics"},"assets":[]}