Agreements reached under this partnership
Establishment of a joint venture- 1
Provision and development of unmanned aerial systems and defense solutions, including the Terra C1 reconnaissance drone
These are items that the documents state the two companies will work on. The lines above and below represent arrangements between the two companies.
This indicates whether the companies will do more than work together, such as holding each other’s shares or seconding personnel (capital and business alliance).
The impact of this transaction on consolidated results for the fiscal year ending January 2027 is expected to be immaterial.
| Item | Details |
|---|---|
| Name of alliance partner | Besomar (Besomar) |
| Alliance partner's business activities | Development and manufacture of fixed-wing unmanned aerial systems (UAVs, etc.) |
| Alliance partner's location | Lviv, Ukraine |
| Type of alliance | Establishment of a joint venture |
| Details of the alliance | Provision and development of unmanned aerial systems and defense solutions, including the Terra C1 reconnaissance drone |
| Shareholding ratio | Not disclosed → Not disclosed |
| Overview of the joint venture | Name Undecided / Location Ukraine / Business Description Provision and development of unmanned aerial systems and defense solutions, including the Terra C1 reconnaissance drone / Capital Contributions Not disclosed / Ownership ratio Not disclosed |
| Ownership ratio | The equity contribution ratio is undisclosed pursuant to a confidentiality agreement. The investment is initially planned to be made by TI, a company within our group, and subsequently transferred to Terra Defense Europe OÜ. |
| Date of board resolution | 15 June 2026 |
| Alliance start date | The joint venture is scheduled to be established during the fiscal year ending January 2027. |
| Impact on Business Performance | The impact of this transaction on consolidated results for the fiscal year ending January 2027 is expected to be immaterial. |
Items this document does not state (12)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The purpose is to add reconnaissance and surveillance capabilities using fixed-wing UAVs to our business portfolio and accelerate the development of a "multilayer unmanned defense solution" by combining the management resources and expertise of the two companies.