MITS Capital launches alliance, bringing together Tencore, Infozahyst, Unwave, and UAV manufacturer. MITS Industries is projected to exceed $200M in revenue by 2026.
Ukrainian-American investment group MITS Capital (Military Innovation Technology Solutions) has announced the creation of the Danish-Ukrainian company MITS Industries, which will unite leading Ukrainian producers of components for the “drone war.” According to a press release, MITS Industries is designed to serve as an investment platform for Ukraine’s defence tech market while strengthening European security.
MITS Industries will be incorporated in Denmark, with offices in Copenhagen and Kyiv. It will bring together leading Ukrainian defence tech players across five key segments: unmanned ground vehicles (UGVs), counter-drone systems, unmanned aerial vehicles (UAVs), unmanned surface and underwater vessels (USVs/UUVs), and electronic intelligence and electronic warfare systems (SIGINT & EW).
The alliance will unite more than 1,000 employees from top Ukrainian companies in their respective sectors. Initially, MITS Industries will include:
MITS Capital will act as coordinator and a minority investor in the project. Institutional investors from Denmark and other countries will provide the main financing, said Perry Boyle, co-founder and CEO of MITS Capital and chairman of MITS Industries. The investment sum has not been disclosed.
MITS Industries will operate on a drone-as-a-service model, enabling the large-scale production of advanced drones and counter-drone systems to neutralise threats in the air, on land, and at sea. The company’s projected revenue for 2026 is expected to exceed $200 million.
Denys Gurak, co-founder and CIO/COO of MITS Capital, stressed this is only the beginning:
Perry Boyle describes MITS Industries as a platform for the first major Danish-Ukrainian defence contractor, while his partner Denys Gurak expects it to rank among Europe’s leading defence companies within a few years.
MITS Industries will be incorporated in Denmark, with offices in Copenhagen and Kyiv. It will bring together leading Ukrainian defence tech players across five key segments: unmanned ground vehicles (UGVs), counter-drone systems, unmanned aerial vehicles (UAVs), unmanned surface and underwater vessels (USVs/UUVs), and electronic intelligence and electronic warfare systems (SIGINT & EW).
The alliance will unite more than 1,000 employees from top Ukrainian companies in their respective sectors. Initially, MITS Industries will include:
- Tencore, one of the world’s leading producers of unmanned ground robots;
- Infozahyst, a major Ukrainian developer of SIGINT systems with over 20 years of expertise;
- Unwave, one of Ukraine’s largest manufacturers of EW systems;
- A UAV producer, whose name has not yet been disclosed.
MITS Capital will act as coordinator and a minority investor in the project. Institutional investors from Denmark and other countries will provide the main financing, said Perry Boyle, co-founder and CEO of MITS Capital and chairman of MITS Industries. The investment sum has not been disclosed.
MITS Industries will operate on a drone-as-a-service model, enabling the large-scale production of advanced drones and counter-drone systems to neutralise threats in the air, on land, and at sea. The company’s projected revenue for 2026 is expected to exceed $200 million.
Denys Gurak, co-founder and CIO/COO of MITS Capital, stressed this is only the beginning:
“MITS Industries will create significant opportunities for scaling capabilities and boosting revenues, while serving as a platform for future mergers and acquisitions.”
Perry Boyle describes MITS Industries as a platform for the first major Danish-Ukrainian defence contractor, while his partner Denys Gurak expects it to rank among Europe’s leading defence companies within a few years.
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