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New Deal


Announced

Rheinmetall acquired Canadian robotics specialist Provectus.

Financials

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Capital Bid For100%
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Tags

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robotics

Electronic Components and Equipment

Acquisition

Private

Canada

Synopsis

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Rheinmetall Canada, a subsidiary of the Düsseldorf-based Rheinmetall Group, acquired Canadian robotics specialist Provectus. Financial terms were not disclosed. “We have already been working closely with Provectus in our unmanned ground vehicle project. This vertical integration gives us a decisive advantage in the field of autonomous mobility technology", said Stéphane Oehrli, president and CEO of Rheinmetall Canada. “Since this capacity is also a key enabler for the Automotive division, the whole Rheinmetall Group will hence benefit from Provectus’ expertise. The automation of other Rheinmetall mobile platforms is actually an innovation we are already thinking of.”

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