German armored vehicle manufacturer Krauss-Maffei Wegmann is not happy with French Nexter’s decision to appoint a new chief executive even as both the companies are planning for a merger.
French financial daily, Les Echos Sunday reported Sunday that KMW opposes the appointment of Stephane Mayer as is new CEO replacing Philippe Burtin as the joint CEO.
KMW was expecting Philippe to run the new company after the merger along with its CEO Frank Haun, the news daily reported.
Both the companies have been in talks for a merger for over a year. The merger is expected to combine the Leclerc and Leopard tank brands.
The German Federal Cartel Office, Bundeskartellamt today has cleared the merger of Wegmann and the French GIAT Industries. The companies plan to introduce a new joint venture by merging its two subsidiaries Krauss-Maffei Wegmann (KMW) and Nexter Systems in constituting 50:50 stakes
Nexter Systems and Krauss‐Maffei Wegmann today signed an agreement to merge into a Franco‐German defence technology group with a 2 billion euro turnover, 9 billion euro order book and over 6,000 employees. Nexter and its owners view this step as decisive for the consolidation of the defence technology industry in Europe
Rheinmetall and Krauss-Maffei Wegmann (KMW) have handed over the Puma infantry fighting vehicle to the German Bundeswehr today. The Bundeswehrs fielding of the Puma IFV gives its mechanized infantry a new main weapons system that will gradually supersede the Marder, first introduced over forty years ago
Krauss-Maffei Wegmann (KMW)-Rheinmetall joint venture ARTEC has signed agreements with UK based BAE Systems, Pearson Engineering and Thales companies offering 60 percent of workshare if UK selects BOXER Infantry Fighting Vehicle (IFV)for Armys next generation Mechanised Infantry Vehicle (MIV) program. According to the agreements, at least 60% of BOXERs value creation and 100% of final assembly will take place in Britain
Nexter Systems and Krauss-Maffei Wegmann (KMW) have closed the initial merger phase under a Dutch incorporated holding company. Two of the European manufacturers of military land systems based in France and Germany will operate jointly under the umbrella of a holding company under Dutch law with headquarters in Amsterdam, the companies said in a statement Tuesday
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