KNDS N.V., is a European defence industry holding company, which is the result of a merger between Krauss-Maffei Wegmann and Nexter Systems. The joint holding company is headquartered in Amsterdam, Netherlands.[4]
History
KNDS is the joint holding company formed by German family-controlled defence company Krauss-Maffei Wegmann (KMW) and the French government-owned weapons manufacturer Nexter, two of the leading European manufacturers of military land systems.[5]
Negotiations between the companies and the German and French governments started in Summer 2014.[6] Support for a merger was building in both Germany and France. Presenting the project to French lawmakers in January 2015,[7] CEOs of both companies assumed that the new holding would boost production for both manufacturers by avoiding