KMW Miffed At Nexter’s New CEO Appointment
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.
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German Cartel Office Clears KMW-Nexter Merger
September 15, 2015 @ 10:15 AMThe 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
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Nexter Systems and Krauss‐Maffei Wegmann (KMW) merger agreement signed
July 29, 2015 @ 07:34 PMNexter 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
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Rheinmettal, KMW Deliver Puma Infantry Combat Vehicle To Germany
June 24, 2015 @ 03:06 PMRheinmetall 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
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KMW-Rheinmetall Offer 60% Workshare if UK Picks BOXER IFV
February 5, 2018 @ 01:06 PMKrauss-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
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Nexter, KMW Complete Initial Merger Phase
December 15, 2015 @ 03:48 PMNexter 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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