KMW takes 24% Stake in Milrem Robotics

  • Our Bureau
  • 08:30 AM, May 31, 2021
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KMW takes 24% Stake in Milrem Robotics
Milrem Robotics' Tracked Modular Vehicle

European manufacturer of military robotic land systems, Milrem Robotics, and the German producer of tanks and combat systems, Krauss-Maffei Wegmann (KMW) have signed a strategic cooperation agreement.

The agreement provides for KMW to acquire a minority stake of 24.9% in Milrem Robotics. Both companies announced they will work closely together in development of the European Center of Excellence for Military Robotics in Estonia.

The objective of the cooperation is the integration of modern leading robotics systems into KMW's technology systems.

Both companies will combine their know-how and expertise to develop innovative solutions to meet the requirements of future military missions involving the interaction of manned and unmanned systems.

"We intend to become the European centre of excellence for unmanned technology and robotics innovations. The partnership with KMW facilitates further innovations for future products and services, especially in the area of the teaming of manned and unmanned systems and sensor-to-shooter solutions," emphasised Kuldar Väärsi, CEO of Milrem Robotics.

"Our collaboration gives us the opportunity to work on innovative and new solutions that will impact the future of the defence industry. In addition, further synergies are also expected from this cooperation in the context of KNDS," says Horst Rieder, CFO of KMW.

KMW takes 24% Stake in Milrem Robotics
Leopard 2 A7 battle tank (image: KMW)
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