Patria acquires Milrem Latvia SIA
Patria ISP has acquired 100 % of shares of Milrem Latvia SIA from Milrem LCM OÜ, the company announced on 12 February.
The acquired company will be named Patria Latvia and will focus on the Latvian market.
Patria provides defence, security and aviation life cycle support services and technology solutions to aerospace and military customers. Its solutions include equipment availability, continuous performance development as well as selected intelligence, surveillance and management system products and services.
Jukka Holkeri, president, international support partnerships, Patria, said: ‘This acquisition is part of the execution of Patria’s strategy in which one of the main growth areas is international maintenance and life-cycle support business. Through Patria Latvia, Patria enters the Latvian defence market and is there to stay. Patria will offer a broad scope of services to the Latvian National Armed Forces and to international OEMs operating in Latvia.’
Patria is owned by the State of Finland (50.1%) and Norwegian Kongsberg Defence & Aerospace AS (49.9%).
You may also like
More from Defence Notes
-
![Growing a digital backbone: an essential capability for the multi-domain battlespace]()
Growing a digital backbone: an essential capability for the multi-domain battlespace
Future operational superiority will be defined by the ability to connect systems, data and personnel into a wider network. For armed forces, this creates the need for a digital backbone that integrates and enhances sensors and effectors of all kinds.
-
![Estonia opts for smart, adaptable and cooperative solutions in the face of Russian threat]()
Estonia opts for smart, adaptable and cooperative solutions in the face of Russian threat
Estonian-made equipment is being put through the toughest of evaluations in the hands of Ukrainian soldiers resisting the full-scale Russian invasion which began in 2022. The country has long seen the threat and is continuing to adapt for the future.
-
![Estonia boosting defence industry with lessons from Ukraine, says country’s economic minister]()
Estonia boosting defence industry with lessons from Ukraine, says country’s economic minister
Estonia is looking to boost its local defence industry with directed funding, industry parks, support through international orders for equipment and rapid prototyping.
-
![UK faces cost of balancing defensive capabilities abroad as Iran conflict widens]()
UK faces cost of balancing defensive capabilities abroad as Iran conflict widens
The UK has recently deployed a Type 45 destroyer to Cyprus and has bolstered its presence in the Middle East in recent weeks with supporting air power to protect neighbouring countries’ air defences.
-
![White House calls on Pentagon contractors to “rapidly and aggressively” boost weapon production]()
White House calls on Pentagon contractors to “rapidly and aggressively” boost weapon production
Intended to sustain Operation Epic Fury against Iran, efforts to increase the production of weapons and ammunition could expose long-standing weaknesses in the US defence industrial base.
-
![India’s strategic defence footprint expansion could be accelerated by Iran-Israel conflict]()
India’s strategic defence footprint expansion could be accelerated by Iran-Israel conflict
The latest escalation between Iran and Israel could shape New Delhi’s next-generation shield as India deepens cooperation with Israel on missile defence and drone production.
