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

Europe fights against microplastic release from textiles

Textiles | On 18th Jan 2018

Europe fights against microplastic release from textiles

The European Commission, the institution of the European Union, has...

Egypt starts building biggest textile city in Al-Sadat

Textiles | On 18th Jan 2018

Egypt starts building biggest textile city in Al-Sadat

Egypt has started construction of the biggest city for textiles and...

Vietnam targets $20 bn from export of footwear, bags

Apparel/Garments | On 18th Jan 2018

Vietnam targets $20 bn from export of footwear, bags

Vietnam targets to earn around $20 billion from the export of...

Interviews View All

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Erik Sy

Manila-based CustomThread is a start-up offering premium custom apparel...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Tejas N Patel, Navin D Patel

Founded in 1999 by Navin Patel in the name of Tejas Fabrics with 100...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Robert Brunner
Devereux

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

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

January 2018

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

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.8%
No
13.5%
Skip
17.7%

Total Votes: 96

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

Yes No

Active Poll

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

Yes
63.5%
No
29.2%
Skip
7.3%

Total Votes: 96

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

Yes No

Active Poll

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

Yes
87.5%
No
9.4%
Skip
3.1%

Total Votes: 96

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

Active Poll

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

Yes
82.3%
No
8.3%
Skip
9.4%

Total Votes: 96


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