The KMW+Nexter Defense Systems (KNDS) is a European defence industry holding company, which is the result of a merger between Krauss-Maffei Wegmann and Nexter Systems. The joint holding company is based in Amsterdam, Netherlands. KNDS is the joint holding company formed by German family-controlled defence company Krauss-Maffei Wegmann (KMW) and the French government-owned weapons manufacturer Nexter, two of the leading European manufacturers of military land systems. Negotiations between the companies and the German and French governments started in Summer 2014 and support for a merger has been building in both Germany and France. Presenting the project to French lawmakers in January 2015, CEOs of both companies assumed that the new holding would boost production for both manufacturers by avoiding export restrictions, especially in Germany. In July 2015 the National Assembly voted in favour of a measure that permits the privatisation of state-owned defence companies, paving the way for KMW and Nexter to join forces. On 29 July 2015 the merger between the two companies had been officially signed in Paris. The merger was completed in December 2015 when the supervisory board appointed the new CEO of Nexter Systems, Stéphane Mayer, and the chairman of the executive board of KMW, Frank Haun, as CEOs of the holding company. More information...
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