Zen Technologies Limited has announced an investment of up to $10 million in its wholly owned subsidiary, Zen Technologies USA, Inc. The decision was made during the Investment and Finance Committee meeting held on January 13, 2025. The funding will be made in one or more tranches over the next two years.
Key Highlights:
- Target Entity: Zen Technologies USA, Inc., incorporated in Delaware, USA, specializes in designing and developing combat training simulators and systems, focusing on counter-drone technologies and advanced military training solutions.
- Objective: The investment aims to capitalize on growth opportunities in the US market, particularly in the defense and homeland security sectors.
- Consideration: A cash investment totaling $10 million.
- Timeline: The funding will be executed in tranches as required over a two-year period.
- Shareholding Impact: There will be no change in the shareholding, and Zen Technologies USA, Inc. will remain a wholly owned subsidiary.
About Zen Technologies USA, Inc.
The subsidiary, established on March 9, 2018, focuses on providing live fire, virtual, and constructive training solutions for military and security forces. Despite its promising portfolio, the entity reported no turnover for the past three financial years.
This investment reflects Zen Technologies’ commitment to expanding its global footprint and leveraging opportunities in the defense technology sector.
