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Nexter Systems and Krauss-Maffei Wegmann have completed their merger today. Going forward, the merged Franco-German conglomerate is positioned to be one of the largest European defense manufacturer of military land systems.
German armored vehicle manufacturer Krauss-Maffei Wegmann (KMW) and French government owned defense company Nexter Systems announced a planned merger under which the two companies plan to establish a strong Franco-German defense technology group.
BAE Systems plc (BAE Systems) and EADS N.V. (EADS) confirmed yesterday that they are negotiating a possible merger which would create the world's largest aerospace and defense company.