Defence & Security Industry News - Nexter / Krauss Maffei Wegmann
|Tuesday, July 1, 2014 07:17 PM|
|Krauss-Maffei Wegmann and Nexter Systems to create European Company leader in Land Defence.|
Krauss-Maffei Wegmann (KMW) and Nexter Systems (Nexter), two leading European providers of land defence systems, intend to share their future road ahead. On 01. July 2014 in Paris, the owners of the French and German companies signed a Heads of Agreement to this effect.
Krauss-Maffei Wegmann from Germany and Nexter Systems from France sign an agreement to create a joint Company European leader of Land Defence.
The alliance of the two groups under the umbrella of a joint holding company creates a Franco-German defence technology group with a current annual turnover nearing 2 billion euro, an order book of around 6.5 billion euro, and more than 6,000 employees.