Breaking news
Krauss-Maffei Wegmann concludes acquisition of Dhiel Defence Land Systems.
| 2014
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Defence & Security Industry News - KMW & Dhiel Defence |
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| Friday, December 19, 2014 10:57 AM | |||
| Krauss-Maffei Wegmann concludes acquisition of Diehl Defence Land Systems | |||
On
December 17, 2014, Diehl Defence and Krauss-Maffei Wegmann (KMW) concluded
a contract on the acquisition of Diehl Defence Land System´s GmbH
(DLS) operative business by a subsidiary of KMW. The contract is subject
to approval by the antitrust authorities.
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Diehl Defence Land Systems
is the largest civil maintenance company for armored and unarmored vehicles
of the Bundeswehr |
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Diehl
Defence Land Systems is a market leader in the fields of tank tracks and
suspensions equipping all the Bundeswehr´s tracked vehicles. Latest
innovations include light-weight tracks for the German infantry combat
vehicle PUMA as well as segmented rubber band tracks. In the past decades,
the company has acquired an international reputation as a service provider
regarding maintenance, repair and modernization of military vehicles.
The company achieves sales of 56 mio. Euros with approximately 370 employees. With the transferral of its vehicle business, Diehl is contributing to the consolidation of the German land systems industry. The company will increasingly focus on its core business comprising guided weapons, intelligent ammunition as well as impact and protection. For KMW, the acquisition adds a strategic range of products and services to the existing portfolio. |
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