Nex­ter Sys­tems signs ac­qui­si­tion agree­ments

SP's MAI - - CORPORATE -

Nex­ter Sys­tems signed ac­qui­si­tion agree­ments with Chem­ring Group for all the shares of the com­pa­nies Me­car (Bel­gium) and Sim­mel Difesa (Italy). These two trans­ac­tions will en­able Nex­ter Group to strengthen its am­mu­ni­tion di­vi­sion and es­tab­lish its po­si­tion among the Euro­pean lead­ers in this area.

Based on its solid past per­for­mance and on its strong bal­ance sheet, Nex­ter has de­vel­oped a growth strat­egy and in­tends, when op­por­tu­ni­ties arise, to ac­tively par­tic­i­pate in in­dus­try con­sol­i­da­tion. The two ac­qui­si­tions con­sti­tute a unique growth op­por­tu­nity for Nex­ter group, which will en­rich its range of am­mu­ni­tion prod­ucts in three do­mains – land, air and sea am­mu­ni­tion – and ex­tend its commercial foot­print on key ex­port mar­kets.

The am­mu­ni­tion di­vi­sion will be com­prised of com­ple­men­tary com­pa­nies, fo­cused on their core busi­ness, re­ly­ing on the skills of their em­ploy­ees, and ben­e­fit­ing from syn­er­gies gen­er­ated by their be­ing part of the Nex­ter Group.

This strength­en­ing of the am­mu­ni­tion di­vi­sion will en­able ac­cel­er­ated de­vel­op­ment of new prod­ucts and ex­pan­sion of the cus­tomer base; am­mu­ni­tion de­sign and pro­duc­tion fa­cil­i­ties will also be strength­ened.

“This im­por­tant step opens new per­spec­tives and con­firms the key role of the group in the mo­men­tum of Euro­pean con­sol­i­da­tion,” de­clared Philippe Burtin, Chair­man and CEO of Nex­ter Sys­tems.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.