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.