Krauss-Maf­fei Weg­mann and Nex­ter al­liance

SP's MAI - - CORPORATE NEWS -

Krauss-Maf­fei Weg­mann (KMW) and Nex­ter Sys­tems (Nex­ter), two lead­ing Euro­pean providers of land de­fence sys­tems, in­tend to share their fu­ture road ahead. On July 1, 2014, in Paris, the own­ers of the French and Ger­man com­pa­nies signed a Heads of Agree­ment to this ef­fect.

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.

KMW, Nex­ter and their own­ers view this step as de­ci­sive for the con­sol­i­da­tion of the de­fence tech­nol­ogy in­dus­try in Europe. Their new strate­gic align­ment makes it pos­si­ble to re­tain jobs and skills in the heart of the Euro­pean Union. The prod­uct port­fo­lios of the two com­pa­nies and their re­gional pres­ences on the world mar­ket com­ple­ment each other.

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