Patria completed the acquisition of a 90% stake in Ilias Solutions.

Patria, a modern international defence and technology company, completed the acquisition of a 90% in Ilias Solutions, a provider of a digital defence platform for fleet management and mission‑critical operations. Financial terms were not disclosed. “High-end MRO services with data-driven solutions and intelligent analytics are becoming increasingly important, if not essential, to provide optimal performance and availability across fleets. We at Patria are excited about acquiring the number-one defence platform and starting our joint journey with the ILIAS Solutions team,” Pekka Ruutu, Patria Executive Vice President.