Miriad Global, a Spanish group that specialises in autonomous ground and air systems, has taken on Joaquín and Raúl Sáenz, the owners of Grupo Aresol, as shareholders. They bought a stake held until now by the Funditec foundation in a deal signed on 11 November through Aresol's holding company, and both will join Miriad's board.

The partners plan an investment vehicle of up to €100 million, run by Renertia Investment SGEIC, to fund Spanish defence industry projects, including Miriad's growth. One of the first could be a plant in Spain to mass-produce Miriad's own turbojet engines for its drones and interceptors, with metal 3D printing, inspection and test benches. Miriad has not given the location, the investment or a timeline.

Miriad plans to show the Strike X interceptor missile, the Taurus Recon autonomous reconnaissance vehicle and an autonomous missile launcher on its Rhinos autonomous combat vehicle at the Feindef show in 2027.

Source: Infodefensa

Also reported by Defensa.com

Background

Grupo Aresol

Company group

A group owned by the businessmen Joaquín and Raúl Sáenz from La Rioja.

Miriad Global

Defence company

A Spanish industrial group that specialises in autonomous ground and air systems.

Funditec

Foundation

The foundation that has owned Miriad Global until now.