Rheinmetall completed the acquisition of Expal Systems from Rhone Capital-backed Maxam for €1.2bn.

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.