EFA Group acquires SSMART to expand defense software and naval systems

The deal bolsters the Greek defense contractor's software integration capabilities, adding to a wave of M&A activity in the global naval defense sector.

By Handelsavisen Newsroom · Automated 2026-07-20 05:22 UTC · 1 min read

EFA Group has agreed to acquire SSMART, a move designed to strengthen its position in defense software and naval systems integration.

The transaction allows the Greek defense contractor to deepen its expertise in software development for naval platforms, addressing a growing demand for digital capabilities in modern maritime defense.

Lockheed Martin is currently in the race phase to acquire naval defense specialist Ultra Maritime in a deal valued at approximately $3.

SSSMART brings a track record of delivering projects across more than 15 international markets, with specific experience in shipbuilding and mooring systems.

By integrating these capabilities, EFA Group aims to offer more comprehensive solutions for naval clients, moving beyond traditional hardware to include critical software and systems integration layers.

The acquisition comes amid heightened M&A activity in the global defense sector.

Lockheed Martin is currently in the race phase to acquire naval defense specialist Ultra Maritime in a deal valued at approximately $3.5 billion.