Announced
Completed
Financials
Tags
Spain
Private
Defense
defense products
Friendly
Majority
Single Bidder
Acquisition
Cross Border
ammunition products
Private Equity
Completed
Synopsis
Rheinmetall, an international technology firm specializing in security and mobility, completed the acquisition of Expal Systems, a globally renowned ammunition maker, from Rhone Capital-backed Maxam, a manufacturer of civil explosives and initiation systems, for €1.2bn. In making this acquisition, Rheinmetall is seeking to bolster its core weapon, ammunition and propellant business in a sustained way, with increased spare production capacity and an expanded product portfolio the prime focal points. The acquisition provides Rheinmetall with swift access to significantly greater capacity. Given the expected large increase in demand from numerous nations, Rheinmetall wants to position itself as strongly as possible to address the anticipated inflow of new requests for tender for ammunition purchases.
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