Al Taif and Patria Sign MoU to Enhance UAE Armed Forces Support Services

Al Taif Technical Services, a wholly owned subsidiary by Mubadala Development Company (Mubadala), and a leading provider of maintenance, repair and overhaul, and upgrade services for heavy utility vehicles, ground support equipment and fighting platforms, has signed a Memorandum of Understanding (MOU) with Patria, which is a defence, security, and aerospace group. Business unit Patria Land Systems develops markets and manufactures armored wheeled vehicles, and provides life cycle support. This strategic partnership was signed by Cyril Arar, Al Taif CEO and, Heikki Allonen, Patria CEO with its primary objective to serve Al Taif's existing customer the UAE Armed Forces General Headquarters, in addition to enhance and help in the growth of the technical support services of both companies. Al Taif and Patria announced the signing of the MOU at the IDEX 2011 exhibition in Abu Dhabi. "This MOU is the beginning of a successful partnership between Al Taif and Patria. We are excited to work with Patria as we jointly explore prospective areas of cooperation and further develop business opportunities," says Cyril Arar, CEO Al Taif. "Patria is very pleased to be working with Al Taif, and will provide all the support by introducing best business process practice to achieve and maintain customer satisfaction," says Patria CEO Heikki Allonen.

Source: Patria Oyj
Date: Feb 22, 2011