UAE's EDGE acquires 80 percent stake in Italy's CMD
EDGE will acquire 80 percent of Italy's CMD to build a European propulsion hub. The deal focuses on aero engines and is expected to close by the end of 2026.
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United Arab Emirates state-owned defense group EDGE will acquire an 80% stake in Italy based Costruzioni Motori Diesel. The deal establishes a European propulsion hub for EDGE, which already partners with FINCANTIERI SPA and LEONARDO SPA. The acquisition secures critical piston engine expertise for EDGE’s drone and military vehicle portfolios as it expands outside the Gulf.
