MARSS-NiDAR-Interceptor

MARSS defence business to be acquired by Electro Optic Systems

MARSS Group, (based in London, Riyadh, and Monaco) has entered into an agreement for its defence business to be acquired by Electro Optic Systems (EOS), headquartered in Australia.

This strategic step reflects the strength of MARSS’ technology and the company’s strong position in the defence sector. 

EOS & MARSS currently work together on a number of programmes, and have identified a strong strategic fit. The combination of MARSS’ NiDAR proprietary AI technology for integrated Command and Control, alongside EOS’ existing and future defence capabilities and financial strength as a public company, creates a highly compelling, combined entity delivering fully integrated, layered, “End-to-End” defence solutions - with advanced capabilities for Counter Unmanned Air Systems (CUAS), and Air Defence.

Together, we strengthen our competitive position. From our operational bases in Asia-Pacific, Europe, Americas and the GCC, the combined entity will provide greater options for end-users while creating a powerful foundation for long-term growth.

As we now move through process to complete the transaction, we will operate business as usual, and want to reassure our customers, partners, and teams that they will be kept fully informed - and will continue to receive the highest levels of service and support.

MARSS was supported by DLA Piper as legal adviser on this transaction.

 

About MARSS

Founded in 2006, MARSS is a global technology leader with extensive experience spanning 20 years including research collaboration with the EU, NATO, defence agencies, academia and industry. Leveraging innovation and technology to provide the highest level of security against emerging threats, MARSS’ intuitive solutions employ integrated sensor surveillance, machine learning and open-source intelligence to protect nations, critical infrastructure, naval assets, special forces, heads of state, commercial shipping and millions of lives worldwide

About EOS

Electro Optic Systems (ASX:EOS) is an Australian company (listed on the Australian Securities Exchange) engaged in designing, manufacturing, and exporting advanced technology systems - operating in two segments: Defence Systems and Space Systems. Their current market capitalisation is ~AUD 1.9B (~$1.3B USD), with locations in Australia, New Zealand, USA, UAE, Singapore, Germany, and The Netherlands.