BELFAST — The Franco-German armored vehicles manufacturer KNDS announced today that its board of directors has decided to greenlight plans for an Initial Public Offering (IPO) in Paris and Frankfurt next year.
In a statement disclosing the news, KNDS said that the IPO “will support KNDS’s long-term growth strategy, broadening its access to capital markets and enabling continued investment in industrial capacity, technology and innovation.” The listing is subject to market conditions, it added.
The firm, a joint venture between Germany’s Krauss-Maffei Wegmann and France’s Nexter, amassed an order intake of €11.2 billion ($13.1 billion) in 2024. It produces a wide range of land systems ranging from Leopard 2 main battle tanks, Boxer infantry fighting…
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Source breakingdefense.com
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