Sorainen has advised the shareholders of Milrem Robotics on their sale of a majority stake in the company to the Edge Group.
Milrem Robotics is an Estonian robotics and autonomous systems developer, specializing in the development of intelligent unmanned ground vehicles, robotic warfare solutions, concept of operations, and doctrine-level warfare analysis.
The Edge Group is a UAE-based technology and defense group.
According to Sorainen, "Milrem Robotics will continue to be based in the Estonian capital Tallinn, and also operates offices in Finland, Sweden, the Netherlands, and the US, employing approximately 200 skilled personnel. After the transaction, Edge will have majority control of Milrem Robotics."
"The addition of Edge as a new majority owner will allow Milrem to increase production, hire new people, acquire new know-how, and also significantly expand its product portfolio, thereby becoming a stronger company internationally," Milrem Robotics Chairman of the Supervisory Board Riho Terras commented. "This in turn allows the company to significantly and more efficiently contribute to the development of Estonia’s defense capability. Edge is a leading global defense industry group with a very wide reach and impressive resources."
"There is great potential here for both companies, and our investment in Milrem will allow it to take advantage of Edge’s considerable resources to offer our customers operating in perpetually changing operating environments a more robust portfolio of superior autonomous systems at competitive costs," Edge Group Managing Director & CEO Mansour Al Mulla added. "A presence in Estonia also provides Edge with strategic access to Northern Europe, increasing valuable opportunities for us across the continent and further afield, and strengthens our position as a serious global player in this sector."
The Sorainen team was led by Partner Piret Jesse and Senior Associate Robin Teever.
Sorainen did not respond to our inquiry on the matter.
