Two major French defense companies,
The mergerv will retain the activities, strategies and customer base of each company. By unifying complimentary activities the merged company will be able to shed redundant overhead. The merger is expected to be completed this year, with to be merged into .
GIAT Industries is one of the largest defense companies in, focusing in land systems and munitions. Its main asset is the holding of the French weapon manufacturer . With turnover of 736 million Euros in 2012. , through its subsidiary Eurenco, is the European leader in propellant powders and explosives for civil and military use.