MAN, Rheinmetall form joint company for wheeled military vehicles

  • 15-Jan-2010 05:01 EST

MAN Nutzfahrzeuge AG and Rheinmetall AG have signed a contract to form a joint company, Rheinmetall MAN Military Vehicles GmbH (RMMV), that will provide complete system solutions for military wheeled vehicles, covering the range of armored and unarmored transport, command, and role-specific vehicles for the international armed forces. Rheinmetall will have a stake of 51% and MAN 49% in the new Munich-headquartered company, which unites MAN’s expertise in commercial-vehicle manufacture with Rheinmetall’s technological know-how in the military field. The first step is to merge the two companies’ development and sales activities in the military wheeled vehicle sector under the aegis of RMMV, which will take over product and market responsibility. The second contractually agreed step sees the two companies’ production capacities at the plants in Kassel (Rheinmetall) and Vienna (MAN Nutzfahrzeuge) integrated into the joint company by the end of 2011. RMMV initially will have around 370 employees; this number is expected to grow to around 1300 employees when the second step is completed.

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