Reported about 9 hours ago
Rheinmetall has announced its acquisition of NVL, the warship division of Luerssen Group, to enhance its presence in Europe's defense sector amid rising military expenditures. This strategic move follows a broader consolidation trend within Germany's naval industry, particularly as countries, influenced by increased geopolitical tensions, boost their defense spending. The deal, valued around 1.35 billion euros, is expected to be finalized next year pending antitrust approval.
Source: YAHOO