An agreement has been signed between International Golden Group (IGG) and ASELSAN for the establishment of a joint venture company in the United Arab Emirates. 49% of the company will be owned by ASELSAN while 51% will be owned by IGG.
The company, which will start running in the first half of 2011, will be structured so as to meet the demands of the United Arab Emirates and Gulf countries.
Company Profile: ASELSAN
Starting with the aim of creating a self-sufficient industry primarily for defence requirements of Turkish Armed Forces, ASELSAN, with tremendous success in the last 30 years in expanding systematically into the local and global markets, today, has become a high technology, multi-product defence electronics company by introducing state-of-the-art equipment and systems solutions for both military and professional applications. Dedicated utmost importance to R&D activities by allocating a remarkable amount of its annual revenue to these activities and through its technological know-how, ASELSAN has achieved the capability to undertake large-scale system integration projects and succeed, in many cases, in developing most sophisticated products.
According to the field of activities ASELSAN has been organized in four main divisions:
- Communication and Information Technologies Division (HBT),
- Radar, Electronic Warfare and Intelligence Systems (REHIS) and
- Defense Systems Technologies (SST)
- Microelectronics, Guidance & Electro-Optics Division (MGEO)