October 1, 2024

Patria expands with acquisition of Nordic Drones and WithSecure businesses

By Defence Industry Europe

Patria has signed a bill of sale for the acquisition of the entire share capital of Nordic Drones Oy, 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. — Photo: Patria.

Finnish defence company Patria has successfully completed the acquisition of two businesses as part of its growth strategy. These acquisitions, announced earlier in 2024, include drone manufacturer Nordic Drones Oy and an open-source data collection product from cybersecurity firm WithSecure.

The acquisitions, which required approval from Finland’s Ministry of Employment and the Economy (TEM), have now cleared the necessary regulatory processes. Both transactions officially took effect on 1 October 2024.

Nordic Drones, based in Muurame, Finland, is a leading producer of professional drone systems and training solutions for over 100 companies and organisations. The firm, which employs 10 people, has specialised in drone systems for aerial photography, mapping, and inspection services, and is an established partner for Nordic security authorities. Patria views this acquisition as a key step in expanding its unmanned systems solutions.

The value of the acquisitions has not been disclosed, and Patria confirmed that there will be no impact on customer commitments, employment, or other business relationships following the transfers.

Patria is an international provider of defence, security, and aviation life cycle support services, as well as technology solutions and pilot training. The company supports its aerospace and military customers by ensuring equipment availability, ongoing performance improvements, and providing selected intelligence, surveillance, and management system products. Patria’s mission is to give customers confidence in all conditions, with a vision to be the top partner for critical operations across land, sea, and air.

Headquartered in Finland, Patria operates in several countries including Sweden, Norway, Belgium, the Netherlands, Estonia, Latvia, and Spain, and employs over 3,000 professionals. The company is owned by the State of Finland (50.1%) and Norwegian Kongsberg Defence & Aerospace AS (49.9%). Together with Nammo, of which Patria owns 50%, these companies form a leading Nordic defence partnership.

Source: Patria.