KNDS and Triton reach agreement on the transfer of shares in RENK
(PresseBox) - KNDS N.V. (“KNDS”) and Rebecca BidCo S.à r.l, a subsidiary of Triton Fund V (“Triton”) have reached an amicable settlement with respect to the transfer of shares in RENK Group AG (“RENK”) following the exercise of the Option by KNDS in February 2025.
The parties agreed that Triton shall transfer 9,166,667 shares to KNDS, which will increase KNDS’ shareholding in RENK from 6.7% to 15.84%. With this step, KNDS is reaffirming its commitment to a long-term cooperation with RENK as a strategic shareholder.
With the settlement, the Option Agreement ends with immediate effect. The parties agreed not to disclose further details on the agreement.
Both parties will continue their good relationship in the future and collaborate in the best interest of RENK.
KNDS is a European land defense systems leader with more than 10,000 employees, a 2024 turnover of 3.8 billion euro, an order backlog of around 23.5 billion euro and an order intake of 11.2 billion euro in 2024. As prime contractor and lead system integrator KNDS develops, delivers and supports state of the art manned and unmanned ‘system-of-systems’, complete mission solutions and its main systems and sub-platforms, including the related ammunitions and services. Its product portfolio encompasses main battle tanks, armored vehicles, artillery systems, weapons systems, ammunition, robotics, military bridges, customer services, battle management systems, training solutions, protection solutions and a wide range of equipment.
The alliance between Krauss-Maffei Wegmann (now KNDS Deutschland) and Nexter (now KNDS France) has been a step forward in the consolidation of the land defense systems industry in Europe. It positions KNDS as a key contributor to European sovereignty by meeting the needs of the respective national armies and offering European and NATO customers the opportunity of increased standardization and interoperability for their defense equipment, with a dependable and resilient European industrial base. KNDS, as a major international leader, is the trusted partner of dozens of armed forces worldwide.
KNDS headquarters are based in Amsterdam, the Netherlands.
Unternehmensinformation / Kurzprofil:
KNDS is a European land defense systems leader with more than 10,000 employees, a 2024 turnover of 3.8 billion euro, an order backlog of around 23.5 billion euro and an order intake of 11.2 billion euro in 2024. As prime contractor and lead system integrator KNDS develops, delivers and supports state of the art manned and unmanned ‘system-of-systems’, complete mission solutions and its main systems and sub-platforms, including the related ammunitions and services. Its product portfolio encompasses main battle tanks, armored vehicles, artillery systems, weapons systems, ammunition, robotics, military bridges, customer services, battle management systems, training solutions, protection solutions and a wide range of equipment.
The alliance between Krauss-Maffei Wegmann (now KNDS Deutschland) and Nexter (now KNDS France) has been a step forward in the consolidation of the land defense systems industry in Europe. It positions KNDS as a key contributor to European sovereignty by meeting the needs of the respective national armies and offering European and NATO customers the opportunity of increased standardization and interoperability for their defense equipment, with a dependable and resilient European industrial base. KNDS, as a major international leader, is the trusted partner of dozens of armed forces worldwide.
KNDS headquarters are based in Amsterdam, the Netherlands.
Datum: 28.07.2025 - 09:00 Uhr
Sprache: Deutsch
News-ID 724701
Anzahl Zeichen: 2278
contact information:
Contact person: Véronique Creissels
Town:
Amsterdam
Phone: +31 6 2470 3239
Kategorie:
Equipment & Supplies
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