Quality and Reliability, a listed company from Greece, is making a significant investment in the defense sector and dual-use technology by acquiring a 51% stake in MTIS S.A., a company engaged in maritime and dual-use technology activities. The total transaction amount is set at €2,663,958 and will be paid in two equal installments, with the first installment due at the signing of the agreement and the second in 2027 upon the publication of MTIS's financial results. This acquisition reflects a strategic move by Quality and Reliability to bolster its presence in a high-reliability technology sector with a strong focus on defense applications.

Dr. Panagiotis Paschalakis, CEO of Quality and Reliability, highlighted that their involvement with MTIS represents a strategic investment in technology that is critical for both maritime and defense readiness. He emphasized the importance of resilient and operationally prepared solutions within the maritime sector, a key area of the global economy. With this acquisition, Quality and Reliability aims to enhance its ability to provide comprehensive solutions that integrate maritime technology with defense and security applications, thereby opening new opportunities for growth and innovation in the defense tech space.

This acquisition underscores the increasing relevance of dual-use technologies in today’s defense landscape and the role of companies like Quality and Reliability in meeting the demands of this evolving market. By investing in MTIS, the company not only strengthens its technological capabilities but also positions itself strategically within the burgeoning area of defense tech, which is becoming increasingly pivotal in global economic and security considerations.