Feb 19 β€’ 11:31 UTC πŸ‡¬πŸ‡· Greece Naftemporiki

Q&A: New acquisition in the defense sector and dual use technology – Expansion into defense tech

Quality and Reliability is expanding into the defense sector by acquiring a 51% stake in MTIS S.A., investing close to 2.66 million euros in the maritime and dual-use technology market.

Quality and Reliability, a prominent player in the technology sector, is making a significant strategic move by acquiring a 51% stake in MTIS S.A. for approximately 2.66 million euros. This acquisition is structured in two payments, with the first installment due upon signing and the second payment set for 2027, dependent on the financial performance of the acquired company. Dr. Panagiotis Paschalakis, the CEO of Quality and Reliability, highlighted that this investment is aimed at enhancing their capabilities in defense technology, which is increasingly vital for integrating maritime solutions with security applications.

The maritime sector, a critical component of the global economy, demands advanced and resilient technological solutions. With the acquisition of MTIS, Quality and Reliability aims to bolster its portfolio of providing integrated solutions that align maritime technology with defense needs. This move not only reflects the growing intersection of commercial and military technologies but also positions the company to expand its influence in international markets where defense and dual-use technologies are becoming more paramount.

As geopolitical stability remains a concern, companies that invest in dual-use technologies could benefit from increased demand for reliable maritime and defense solutions. Quality and Reliability’s strategic focus on this sector signals a recognition of the importance of defense technology in contemporary economic and security landscapes, offering potential pathways for growth within the defense market and beyond.

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