Krauss-Maffei Wegmann acquires stake in Milrem Robotics
Milrem Robotics, and the German systems house for main battle tanks and combat systems Krauss-Maffei Wegmann (KMW) have signed a strategic cooperation agreement. The contract provides for KMW to acquire a minority stake of 24.9% in Milrem Robotics. Milrem Robotics will remain as an independent company.
Both companies have announced they will work closely together in development of the European Center of Excellence for Military Robotics in Estonia. The objective is to combine the know-how and expertise of both companies to develop innovative solutions to meet the requirements of future military missions involving the interaction of manned and unmanned systems.
"We intend to become the European centre of excellence for unmanned technology and robotics innovations. The partnership with KMW facilitates further innovations for future products and services, especially in the area of the teaming of manned and unmanned systems and sensor-toshooter solutions," said Kuldar Väärsi, CEO of Milrem Robotics.
"KMW as the European market leader for land systems and Milrem Robotics as the European market leader for unmanned land systems are an excellent fit. Our collaboration gives us the opportunity to work on innovative and new solutions that will impact the future of the defence industry. In addition, further synergies are also expected from this cooperation in the context of KNDS," added Horst Rieder, CFO of KMW.
The objective of the cooperation on the part of KMW is the integration of modern leading robotics systems into KMW's technology systems.
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