Home / Knowledge / News / Textiles / Verseidag's buyout broadens Rheinmetall product portfolio
Verseidag's buyout broadens Rheinmetall product portfolio
20
Jan '11
The Rheinmetall Group is now sole owner of Verseidag Ballistic Protection GmbH of Krefeld, Germany. Rheinmetall had already acquired a 51% stake in the company – a leading producer of advanced civilian and military protection equipment – in July 2010. Effective 31 December 2010, Rheinmetall has now taken over the remaining 49% interest held by Jagenberg AG, thus giving the Düsseldorf-based defence group 100% control of the company.

Thanks to this takeover, Rheinmetall is now able to supply makers of military land vehicles as well as the civilian auto industry with a full range of protection technology.

In the defence domain, the move broadens Rheinmetall's expertise in the field of ballistic protection which, in addition to vehicle armour, now extends in particular to solutions for aircraft (especially helicopters) and ships. The buyout significantly strengthens Rheinmetall's sales potential in this sector, giving the Group greater access to important protection technology markets throughout Europe.

Verseidag Ballistic Protection GmbH's high-tech solutions provide the occupants of civilian and military vehicles with reliable protection from ballistic threats and bomb blasts – on land, in the air and on the water. The company develops, produces and markets solutions based on state-of-the-art ceramic and metallic materials as well as fibre composites made of high-tech textiles. In 2009 its 54 employees generated sales of around €21 million.

Rheinmetall is one of the most trusted names in the international defence and security community. With some 10,000 employees, Rheinmetall Defence had global sales in 2009 of approximately €1.9 billion.

The Group's protection products range from passive systems (e.g. vehicle armour) and active solutions (e.g. smoke/obscurant systems and decoy launchers) for ground, air and naval forces to armoured vehicles and systems for protecting critical civilian and military infrastructure, including sophisticated air defence technology. Rheinmetall thus makes a vital contribution to protecting personnel and other assets deployed in harm's way.

Rheinmetall was established in 1889 as Rheinische Metallwaaren- und Maschinenfabrik Actiengesellschaft. Today, Rheinmetall AG is a financially strong, internationally successful player in the markets for automotive components and defence equipment.

Rheinmetall AG


Must ReadView All

Textiles | On 24th Jul 2017

Govt extends deadline for GST composition scheme to Aug 16

The Government on India has extended the deadline for small...

L-R: Dhanapal, JMD, Best Corporation; Prabhu Damodaran, Convenor, ITF; Narayanasamy, MD, Micro Cotspin; Senthilnathan, MD Rasitex India; and Sabapathy, MD, Prasanna Spinning Mills

Textiles | On 24th Jul 2017

TN mills seek partnership with cotton growing states

Spinning mills in Tamil Nadu are seeking stronger partnership with...

Textiles | On 24th Jul 2017

Irani terms GST as a ‘great step towards transparency’

Union textiles minister Smriti Irani has termed the Goods and...

Interviews View All

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Yashiki Gumber
Sahiba Fabrics

Fabric does not restrict us from fashion trends

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X