TAF Industries has spent $6 million on M&A over three years and plans to close two more deals by the end of 2025

Ukrainian defence tech company TAF Industries has, over the past year and a half, invested in a reconnaissance drone manufacturer, an EW systems producer, and a developer of missile technologies. By the end of 2025, the company plans to invest in two more defence product firms, according to Forbes, citing TAF Industries Deputy Director Volodymyr Zinovskyi.

Since mid-2023, TAF Industries has invested more than $6 million in other defence tech companies, Zinovskyi said. In particular, the company acquired 51% of the electronic warfare systems manufacturer Kvazar and 60% of the reconnaissance drone maker Babka. The names of other acquired producers have not been disclosed.

According to Zinovskyi, some acquisitions were unsuccessful, including a deal related to missile technology. “Unfortunately, we decided to close that project,” he said, without naming the company involved.

TAF Industries plans to close two more defence-related deals by the end of 2025. To integrate new products, the company is forming a holding structure in which the parent company, TAF Industries, owns subsidiaries.

In addition to acquiring stakes in companies, TAF Industries also purchased several small manufacturing sites previously used as contractors. “Such decisions were made to improve control over the production process and the quality of finished products,” Zinovskyi told Forbes Ukraine.

Currently, Oleksandr Yakovenko’s company is in the process of acquiring another contractor. According to Zinovskyi, such deals usually involve buying 100% of the company.