MITS Capital Launches New Danish-Ukrainian Defense Company MITS Industries to Strengthen European Security
KYIV, Ukraine and COPENHAGEN, Denmark, Sept. 18, 2025 /PRNewswire/ -- Ukrainian-American investment group MITS Capital announces a new defense technology initiative, uniting major Ukrainian drone-warfare components producers. A new company, named MITS Industries, has been established in Denmark to become a platform investment for the Ukrainian defense tech market and strengthen European security.
"Denmark is an ideal partner for Ukraine. The two countries share a common heritage, a common enemy, and common values. The combination of Danish capital and technology with Ukraine's large and innovative defense industrial base empowers European defense against Russian aggression," said Perry Boyle, CEO & Founding Partner at MITS Capital and Chairman of MITS Industries.
Headquartered in Copenhagen and Kyiv, MITS Industries unites leading defense tech companies from five key segments: unmanned ground vehicles (UGV), counter-drone solutions, unmanned aerial vehicles (UAV), unmanned surface/underwater vehicles (USV/UUV), and signals intelligence & electronic warfare systems (SIGINT & EW). The merged* company will employ more than 1,000 employees from the leading Ukrainian companies in their areas.
Initially, the new company will include: one of the world's leading unmanned ground robot makers, Tencore; a major Ukrainian signals intelligence (SIGINT) manufacturer with over 20 years of expertise, Infozahyst; one of Ukraine's largest electronic warfare (EW) systems manufacturers, Unwave; and an undisclosed air drone manufacturer. MITS Capital will act as coordinator, catalyst, and investor.
MITS Industries' expected revenue in 2026 is projected to exceed $200 million.
"This is just the beginning. MITS Industries will generate significant capacity scaling and revenue opportunities and will be a platform for additional mergers and tuck-in acquisitions. In just a few years, we intend for MITS Industries to join the ranks of European defense primes," said Denys Gurak, CIO & Founding Partner at MITS Capital.
MITS Industries will operate a "drone-as-a-service" model, enabling scaled production of advanced drone and counter-drone solutions to neutralize threats across air, land, and maritime domains.
This structure is also intended to enhance the company's export potential and increase access to institutional capital. According to Ukraine's government estimates, in 2025, domestic defense industry production capacity will exceed $35 billion. Current private production now exceeds domestic demand, with substantial surplus capacity and accelerating export readiness.
"MITS Capital is excited to be working with leading Ukrainian defense tech companies and our Danish partners to create something special, a platform for the first Danish-Ukrainian defense prime", said Perry Boyle.
"Our ultimate goal remains unchanged: to help Ukraine win the current war and to help Europe defend itself against the next one", Gurak added.
*The transaction remains subject to definitive agreements.
Founded in 2024, MITS Capital LLC is a Kyiv- and New York-based investment group focused on Ukrainian defense innovations. In addition to MITS Industries, its publicly disclosed activities include the MITS Accelerator (in partnership with American University Kyiv), MITS Lightning Fund, and an investment advisory unit, with a mission to bring global capital into Ukraine's defense industrial base. According to the latest Ernst & Young report, MITS Lightning Fund is currently one of the largest international investors in Ukraine's DefenseTech ecosystem.
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SOURCE MITS Capital
