The acquisition positions Modirum Defence as a technologically advanced global leader in the growing defence sector. By integrating its advanced mission-critical AI solutions with Gespi’s military hardware manufacturing capabilities, Modirum Defence evolves into a full-spectrum global defence powerhouse.

The acquisition has been completed with all necessary regulatory approvals. The parties have agreed not to disclose the purchase price.

Modirum Defence and Gespi: A Synergy of Capabilities

Gespi’s leadership in defence manufacturing makes it an ideal strategic partner for Modirum Defence. This acquisition enables Modirum Defence to integrate Gespi’s robust hardware and ammunition manufacturing capabilities with its advanced software and AI solutions. The combined entity will offer unparalleled, end-to-end defence solutions to the global market, encompassing comprehensive software, AI-driven technologies, hardware components, and ammunition. This strategic combination positions Modirum Defence as the go-to comprehensive defence solution provider for customers worldwide. The combined force also translates into faster development cycles and a broader portfolio of innovative defence solutions.

A New Leading Force in the Defence Industry

In today’s rapidly evolving defence landscape, agility is paramount to success. By leveraging Modirum Defence’s AI capabilities and integrating them with Gespi’s existing hardware and ammunition product lines, the company aims to enhance the intelligence and effectiveness of defence solutions. Future innovations will include smart and guided bombs, advanced guided rockets, loitering anti-tank solutions, along with a range of new products set to launch soon. Modirum Defence and Gespi are committed to exploring new product lines and technologies that will further solidify their leadership position in the global defence market.

Elias Silvola, CEO of Modirum Defence and João B. Scarparo, CEO of Gespi

“This acquisition marks a transformative moment and an exciting new chapter for Modirum Defence and Gespi, and the leadership teams at both companies are enthusiastic about the future of this partnership. With this acquisition, Modirum Defence is set to become a leading defence entity, combining our AI capabilities with Gespi’s hardware and ammunition expertise. Together, we will make Gespi’s products smarter and more effective, pushing the boundaries of what is possible in defence technology,” said Elias Silvola, CEO of Modirum Defence.

João B. Scarparo, CEO of Gespi and Jari Heikkinen, Founder of Modirum

João B. Scarparo, CEO of Gespi added, “We are excited to join forces with Modirum Defence, known for its cutting-edge software solutions. The timing is especially significant as this year Gespi celebrates 50 years of success. We believe that this partnership will enhance our next-generation offerings and better serve our customers in the fast-moving defence and public safety sectors for decades to come. Together with Modirum Defence, we are setting the stage for a future where advanced technology and innovative solutions redefine the defence industry, protect lives, and enhance national security.”

About Modirum Group and Modirum Defence

Modirum Defence is one of the three core domains belonging to Modirum. Established in Helsinki in 1997, Modirum is a global technology leader offering innovative solutions across diverse industries, including defence, aerospace, government, critical communication, and banking.

Modirum Defence is a leading technology company developing advanced Command and Control and AI solutions for modern defence challenges. Based in Finland, the USA, UK, Estonia and the UAE, Modirum Defence is committed to becoming a global defence technology leader.

Modirum Platforms is the second venture of Modirum, aiming to be a European category leader in AI-driven platform development for Telecommunications, Critical Communications, Finance, Energy, and Public and Government sectors, focusing on mission critical deep-technology.

Modirum Payments, Maksu, is the third venture of Modirum, a Payment Service provider built on the trusted legacy of Modirum, a global leader in payment technology for over 25 years.

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About Gespi

With a rich history spanning 50 years, Gespi, based in São José dos Campos, Brazil, is a flagship enterprise in the Latin American defence industry. The company manufactures a diverse range of products, including ammunition, rockets, rocket launchers, aerial and general-purpose bombs, military boats, and other military solutions. Gespi’s extensive experience serving armed forces and government agencies globally, along with its expertise in developing specialized products for defence and public safety, underscores its commitment to safety, innovation, and excellence.