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Patria Received Authority Approval for the Nordic Drones Acquisition and Transaction of Open Source Data Collection Product from Withsecure

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Patria Received Authority Approval for the Nordic Drones Acquisition and Transaction of Open Source Data Collection Product from Withsecure

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Patria Received Authority Approval for the Nordic Drones Acquisition and Transaction of Open Source Data Collection Product and Business from Withsecure
Patria Received Authority Approval for the Nordic Drones Acquisition and Transaction of Open Source Data Collection Product and Business from Withsecure

Patria announced on 13 June, 2024 about the acquisition of a leading manufacturer of drone systems Nordic Drones Oy and on 4 September, 2024 about the acquisition of an open source data collection product and business related to its cyber business area from WithSecure. The completion of both acquisitions required the approval of the Finnish Ministry of Employment and the Economy (‘TEM’) and the authority process has now been completed. The acquisitions will not affect customer commitments, employment relationships or other commitments made by the company or business area. The businesses will be transferred to Patria on 1 October, 2024.

Nordic Drones Oy is Finland’s first and leading drone pilot trainer and manufacturer of drones designed for professional use. The company main area of expertise is solving the needs of customers and helping to harness the advantages of drones. At the beginning of each project, the company do a detailed survey of the specific demands and uses in order to offer first-rate service. Although the company drones have flown in Nordic countries, Central Europe and Asia, the heart of the business remains in Muurame. Each drone is designed and manufactured entirely in Finland. At the heart of Nordic Drones Oy are the regular people that once fell in love with drones.

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WithSecure™, formerly F-Secure Business, is Europe’s cyber security partner of choice. Trusted by IT service providers, MSSPs, and businesses worldwide, the company deliver outcome-based cyber security solutions that protect mid-market companies. Committed to the European Way of data protection, WithSecure prioritizes privacy, data sovereignty, and regulatory compliance. Boasting more than 35 years of industry experience, WithSecure™ has designed its portfolio to navigate the paradigm shift from reactive to proactive cyber security. In alignment with its commitment to collaborative growth, WithSecure™ offers partners flexible commercial models, ensuring mutual success across the dynamic cyber security landscape. Central to WithSecure’s™ cutting-edge offerings is Elements Cloud which seamlessly integrates AI-powered technologies, human expertise, and co-security services.

Patria is an international provider of defence, security and aviation life cycle support services, technology solutions and pilot training. Patria provides its aerospace and military customers with equipment availability, continuous performance development as well as selected intelligence, surveillance and management system products and services. Patria’s mission is to give its customers confidence in all conditions, and the vision is to be the #1 partner for critical operations on land, sea and air. Patria has several locations including Finland, Sweden, Norway, Belgium, the Netherlands, Estonia, Latvia and Spain. Patria employs over 3,000 professionals. Patria is owned by the State of Finland (50.1%) and Norwegian Kongsberg Defence & Aerospace AS (49.9%). Patria owns 50% of Nammo, and together these three companies form a leading Nordic defence partnership.

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