Is this the beginning of European land consolidation?
French military vehicles manufacturer Nexter and the German armaments producer KMW have signed an agreement to create a joint holding company.
The two industrial giants signed the agreement on 1 July and the result will be the creation of a Franco-German technology group with an annual turnover of more than €2 billion.
The alliance project is expected to start in 2015 following regulatory approval.
In a statement, the companies said that they viewed this step as ‘decisive for the consolidation of the defence technology industry in Europe’ and that the alliance ‘creates a group with the momentum and innovative force
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free stories per week
- Daily news round-up email service
- Access to all Decisive Edge email newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
More from Land Warfare
-
![Aselsan successfully tests Gökberk system against FPV drones]()
Aselsan successfully tests Gökberk system against FPV drones
The system had been previously proven to work against rotary and fixed-wing kamikaze drones, with Aselsan now working on new capabilities for Gökberk to counter UAV swarms.
-
![EMOC 120mm lightweight mortar system targeted at British Army requirement]()
EMOC 120mm lightweight mortar system targeted at British Army requirement
EMOC can be fitted with an 81mm or a 120mm smooth bore barrel and when in the travelling position is horizontal. For firing, it is deployed over the rear arc until the baseplate contacts the ground.
-
![Leopard MBT: Alpha beast gets a reboot (updated 2025)]()
Leopard MBT: Alpha beast gets a reboot (updated 2025)
Leopard MBTs are German-made main battle tanks that have been in service since the Cold War and have undergone several upgrades to remain competitive in modern warfare. This article traces the history and development of the Leopard 1 and 2, its variants, its operational service and its future prospects.
