Mildef Group

Jim Rimay has been the CEO of Handheld's operations in the US since 2015 and has a solid background in the defense-related IT industry, including as President of Getac in the US. The consolidated approach means that MilDef increases its business focus, doubles its footprint in the US market and that the synergies from the Handheld acquisition are being harvested in the group.

"With this leap forward MilDef expands its offer and at the same time strengthens its presence on the world's largest defense and security market. We focus on business and operational synergies and already MilDef's overall business in the US has a turnover of almost USD 20 million with an expected rapid growth in the coming years. We are happy to materialize this synergy after the Handheld acquisition and push forward on a truly promising market for MilDef," says Daniel Ljunggren CEO MilDef Group.

No changes will be made when it comes to offices or operational locations. Rather MilDef anticipate to open more offices and employ more people in the US as business continues to grow.

The United States defense market is the largest defense market in the world, the defense budget equals almost 50 percent of all countries defense budgets combined.

The information was submitted for publication, through the agency of the contact persons set out below, at 09:00 CET on June 12, 2023.