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KMW To Acquire Diehl’s Vehicle Business

By Cal Biesecker

Thursday, December 18th, 2014

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KMW To Acquire Diehl’s Vehicle Business

Leopard 2 Main Battle Tank. Photo: Krauss-Maffei Wegman

Krauss-Maffei Wegman (KMW) on Thursday said it has agreed to acquire the land systems business of Diehl Defence, helping KMW consolidate the German land systems industry and expanding its portfolio of products and services. Terms of the deal, which is subject to approval by regulators, were not disclosed. Both companies are based in Germany. KMW said that Diehl Defence Land Systems has $68.8 million in annual sales and has 370 employees. Diehl Defence makes guided missiles, air defense systems, ammunition,…

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