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Finnish Patria defense company investing in Estonia to acquire Milrem | March 2018 Global Defense Security army news industry | Defense Security global news industry army 2018 | Archive News year

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Finnish Patria defense company investing in Estonia to acquire Milrem | March 2018 Global Defense Security army news industry | Defense Security global news industry army 2018 | Archive News year

In October 2017, Finnish Company Patria has signed an agreement with Mootor Grupp to acquire their share of 60 % of the largest defence maintenance contractor in Estonia - Milrem LCM OÜ. The remaining 40 % belongs to the Estonian company Sinrob OÜ, owned by the current Milrem CEO Kuldar Väärsi. Patria has signed an agreement with Mootor Grupp to acquire their share of 60 % of the largest defence maintenance contractor in Estonia - Milrem LCM OÜ. Milrem booth at UMEX 2018 defense exhibition in UAE. (Picture source Army Recognition) Milrem acquisition is part of the execution of the new Patria strategy in which one of the main growth areas is partnerships with defence forces in life-cycle support services, particularly in northern Europe. Patria aims to develop Milrem’s competence and capability further and the company will continue under Estonian leadership. “We are looking...


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Source: Finnish Patria defense company investing in Estonia to acquire Milrem | March 2018 Global Defense Security army news industry | Defense Security global news industry army 2018 | Archive News year

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