KNDS formed by Nexter and Krauss-Maffei Wegmann
France's Nexter and Germany's Krauss-Maffei Wegmann combined under a 50:50 Dutch holding company, creating Europe's main land-systems group.
- Company
- KNDS (KMW + Nexter Defense Systems)
- Type
- JV / capital partnership
- Status
- Completed
- Date
- 15 Dec 2015
- Value
- Not disclosed
- Value basis
- Not disclosed; 50:50 holding company
- Region
- Europe
- Segment
- Land systems
Parties
- French state (via GIAT Industries / Nexter) partner
- Wegmann family (KMW) partner
Key terms
- Structure
- Dutch N.V. holding company, Amsterdam
- Ownership
- 50% each
- Agreement signed
- 29 Jul 2015
Sources
- EDR Magazine: Nexter Systems and Krauss-Maffei Wegmann have completed their association (joint release) edrmagazine.eu · 15 Dec 2015
- Army Recognition: KMW and Nexter Systems have completed their association armyrecognition.com · Dec 2015
Record DEF-INV-2015-0004. Investments are kept apart from the financings register and never counted in debt totals.
