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The Nexus
SECURITYJun 22 · 09:22 UTCWTOP DCWTOP Staff

Germany plans to take 40% in Leopard tank maker KNDS, joining France as stakeholder

Germany plans to take a 40% stake in KNDS, a defense contractor producing Leopard and Leclerc tanks, joining France which already holds a 50% stake. The move aims to strengthen European defense production and sovereignty, with potential for an IPO. KNDS, formed in 2015 from the merger of Germany’s Krauss-Maffei Wegmann and France’s Nexter, also produces military vehicles like Puma and Boxer.

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Mentioned
KNDSorganizationGermanyplaceFranceplaceKrauss-Maffei WegmannorganizationNexterorganizationLeopard tankstopicLeclerc tankstopicPuma infantry fighting vehiclestopic
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