# EDGE Group acquires 50% stake in Flaris, forms joint venture

EDGE Group, a UAE-based advanced technology and defence group, has acquired a 50% stake in Polish aviation company Flaris and will establish a joint venture to further develop Flaris' portfolio of personal jets, including unmanned variants.

- Type: Acquisition
- Announced: 2023-11-10
- Where: Poland
- Status: announced
- Products: personal jets, unmanned aircraft, jet engines
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Edge](https://endata.com/companies/48770.md) (acquirer)
- [Flaris](https://endata.com/companies/73707.md) (target)

## Sources

- [edrmagazine.eu](https://www.edrmagazine.eu/edge-acquires-50-stake-in-flaris-marking-strategic-expansion-into-aviation-technology), 2023-11-10: "Incorporating Flaris’ engineering capabilities and a broad range of jets into our ecosystem is a strategic move for EDGE which will mark our expansion into jet engine manufacturing and advanced aviation technologies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.