Krauss-Maffei Wegmann and Nexter alliance
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.