Krauss-Maffei Wegmann Completes Take Over Of EDAG Group
12:00 AM, January 24, 2012
Krauss-Maffei Wegmann (KMW), the German tank maker, has reached an agreement to take
over production of EDAG Group’s production of armored civil vehicles. The duo reached an agreement on Jan 23 with KMW saying the purchase still requires approval
by the cartel authorities. KMW made the acquisition to strengthen and develop its protected military wheeled and tracked
vehicles, using EDAG’s technology, as well as extend its role in the highly protected civil
vehicle sector. KMW’s goal of establishing itself in Central and South America will be established with
ease now since EDAG’s manufacturers its systems at sites at a facility in Mexico as well as
Ingolstadt, Germany. “The extension of our numerous protection activities through the EDAG protection branch is a
logical step and, with a view to the site in Mexico, a consistent continuation of our Central and South America strategy,” Frank Haun, chief executive and president of KMW, said in a press
Krauss-Maffei Wegmann (KMW) will be exhibiting the latest generation vehicle systems at IDEX 2015.
KMW is presenting the GTK Boxer as a wheeled armoured personnel carrier variant with a Puma turret for the first time
Krauss-Maffei Wegmann and Nexter Systems agreed to merge services to rationalize Europe's fractured armored-vehicle sector.
German Wegmann and French state holding GIAT Industries, intend to meld the stock of their respective units into a new holding...