Defence tech: The new “El Dorado” for Greek technology companies – Deals, investments and alliances

Greek IT and exertion groups that person entered the defence tech market – oregon mean to bash truthful much actively – are progressively accelerating the gait of their activities successful this regard. Acquisitions, strategical alliances, partnerships, exertion investments, and different moves travel arsenic a effect of the “alarm” that has been sounded, chiefly successful caller months, regarding the expected revenues from the defence manufacture astatine the planetary level and the bid of participations of respective groups successful assorted tenders for projects successful the sector.

Among the latest developments is the disclosure by the absorption of Performance Technologies, among different things, during its expert briefing, of the listed company’s volition to participate the defence sector, chiefly done synergies with different companies.

More specifically, its program does not impact offering a vertically integrated solution that would guarantee its autarkic maturation successful this market, arsenic clarified, but alternatively establishing a beingness wrong an ecosystem of different manufacture “players,” portion leveraging AI and cybersecurity solutions.

QnR, besides listed connected the Main Market of the Athens Stock Exchange, precocious acquired 51% of MTIS, a specialized supplier of precocious technological solutions with a beardown footprint successful maritime exertion and defence exertion (defence-tech), including dual-use applications. Through this move, it is already participating successful 2 tenders of the Hellenic Center for Defence Innovation (ELKAK) to assertion projects, with much expected to follow.

Among the “early movers” is Uni Systems, which has recorded successful its portfolio a five-year statement with NATO’s Communications and Information Agency (NCIA), successful a consortium with Cosmote, since mid-October 2024. Similarly, Space Hellas announced past twelvemonth its information successful 3 improvement projects nether the European Defence Fund (EDF), focusing connected cybersecurity. Other groups, specified arsenic Netcompany and Profile, besides purpose to prehend opportunities emerging from the defence industry. Additionally, the IT limb of Ideal Holdings (Byte-Adacom) has been reported to beryllium entering the defence manufacture done its cybersecurity activities.

Overall, the increasing enactment astir defence tech successful Greece is becoming progressively intense, with related deals multiplying. Geopolitical instability successful caller years, combined with the escalation of subject operations connected aggregate fronts, is bringing exertion to the forefront—not simply arsenic a supporting tool, but arsenic a captious origin of strategical superiority.

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Potential revenues and beardown investors

In general, estimates suggest that imaginable revenues for Greek IT companies from internationally funded defence projects could scope up to €2 cardinal by 2030, particularly for the much outward-looking firms.

This represents a “generous” budget, susceptible of turning the defence manufacture into a caller “El Dorado” for Greek exertion experts.

Not coincidentally, astatine the extremity of past year, during the presumption of the yearly study FWD Greece: Innovation Pulse 2025–2026 astatine the National Gallery, by Found.ation successful collaboration with 28DIGITAL (formerly EIT Digital) and the Hellenic Development Bank of Investments (HDBI), it was highlighted that defence exertion (Defence Tech) is emerging arsenic a caller autarkic assemblage wrong startup funding. Venture superior funds, successful short, are being “mobilized” into technology—and beyond.

Around the aforesaid time, further developments powerfully confirmed this trend. Major strategical investors specified arsenic Motor Oil (through IREON Ventures) and EOS Capital Partners (via the EOS Hellenic Renaissance Fund II) decided, arsenic announced successful December 2025, to get equity stakes successful EFA Group—a well-established defence manufacture group—through a €80 cardinal superior increase.

At the aforesaid time, caller investments exceeding €120 cardinal were announced by EFA Group, on with the instauration of 4 innovative exertion clusters (Unmanned & Autonomous Systems, Mission Systems, Simulation & Training, Integrated Services, Sensors & Targeting Systems), incorporating 13 specialized companies.

In aboriginal March, different improvement was added: the associated constitution of Thyreos Cyber by ThreatScene (in which the household bureau of Giannis V. Vardinogiannis has invested from the outset) and the dual-use defence exertion radical EFA Group (led by Christian Hadjiminas), marking a caller strategical concern successful defence cybersecurity.

Startups, funds, and dual-use technologies

In Greece, competitions launched since 2025 by the Hellenic Center for Defence Innovation (ELKAK) unsocial screen projects with a full worth of €88.4 million, involving a ample fig of technology, IT, and telecommunications companies. Additionally, 12 much projects are scheduled for 2026.

Software for defence applications, cargo drones, unmanned aboveground vessels, cybersecurity systems, outer communications, and much are astatine the halfway of interest.

Indicatively, upcoming events specified arsenic the Defence Tech Summit 2026 successful Athens this November purpose to beforehand the usage of integer technologies successful defence applications, focusing on:

• Mapping and showcasing the Greek defence tech ecosystem
• Highlighting synergies betwixt startups and the defence industry
• Attracting planetary investors and funds specializing successful defence tech
• Strengthening public-private assemblage collaboration
• Promoting dual-use technologies

In this context, it is noted that galore technologies developed for defence applications (AI, autonomy, sensors, abstraction tech, cybersecurity) person important commercialized value, and Greece tin leverage defence tech arsenic a operator for the broader exertion economy.

Prior to that, the Athens Defence Summit 2026 volition instrumentality spot connected May 20–21, nether the auspices of the Ministry of National Defence, Hellenic Defence Systems, and the Hellenic Aerospace Industry.