Latest news with #KNDS
The Sun
21-05-2025
- Business
- The Sun
ADS, partners to supply 105mm LG1 guns to Indonesian forces
LANGKAWI: Advanced Defence Systems (ADS), a leading player in the Malaysian defence industry for artillery systems, is set to collaborate with PT Lentera Sumber Makmur (PT LENTERA) and KMW+Nexter Defense Systems (KNDS) to supply, integrate and qualify the 105mm LG1 Light Gun for the Indonesian Armed Forces. According to a statement released by ADS, the collaboration marks a significant step in regional defence cooperation and is expected to enhance the capabilities of Malaysia's local defence industry, creating new opportunities for technology transfer and industrial growth. 'The collaboration will see ADS taking the lead in overseeing the assembly, integration, and qualification of the 105mm LG1 MK III artillery system in Malaysia. 'This locally assembled and integrated system will meet stringent international standards, offering enhanced capability and reliability in support of national and regional security objectives,' the statement read. The Memorandum of Understanding (MoU) between ADS, PT LENTERA and KNDS was signed at the Malaysia Defence Ministry Pavilion at the Mahsuri International Exhibition Centre (MIEC) here today. The ceremony, held in conjunction with the Langkawi International Maritime and Aerospace Exhibition (LIMA'25), was witnessed by Malaysia's Deputy Defence Minister, Adly Zahari.
The Sun
21-05-2025
- Business
- The Sun
ADS to collaborate with PT LENTERA, KNDS to supply light guns to Indonesia
LANGKAWI: Advanced Defence Systems (ADS), a leading player in the Malaysian defence industry for artillery systems, is set to collaborate with PT Lentera Sumber Makmur (PT LENTERA) and KMW+Nexter Defense Systems (KNDS) to supply, integrate and qualify the 105mm LG1 Light Gun for the Indonesian Armed Forces. According to a statement released by ADS, the collaboration marks a significant step in regional defence cooperation and is expected to enhance the capabilities of Malaysia's local defence industry, creating new opportunities for technology transfer and industrial growth. 'The collaboration will see ADS taking the lead in overseeing the assembly, integration, and qualification of the 105mm LG1 MK III artillery system in Malaysia. 'This locally assembled and integrated system will meet stringent international standards, offering enhanced capability and reliability in support of national and regional security objectives,' the statement read. The Memorandum of Understanding (MoU) between ADS, PT LENTERA and KNDS was signed at the Malaysia Defence Ministry Pavilion at the Mahsuri International Exhibition Centre (MIEC) here today. The ceremony, held in conjunction with the Langkawi International Maritime and Aerospace Exhibition (LIMA'25), was witnessed by Malaysia's Deputy Defence Minister, Adly Zahari.
Reuters
18-05-2025
- Automotive
- Reuters
Breakingviews - Franco-German defence IPO hits private equity snag
BERLIN, May 16 (Reuters Breakingviews) - KNDS was about to bag a great deal. The Franco-German tank maker had a call option to up its stake in Renk ( opens new tab, a $6 billion German-based maker of gearboxes for armoured vehicles, from 7% to 25%. With the call price at 20 euros a share and Renk currently trading at nearly 60 euros, KNDS faced a nice-to-have paper profit of more than 730 million euros. Yet Triton Partners, the buyout firm owning the shares, is having second thoughts about handing them over. The dispute is now for a German court to decide, but it could alter plans by KNDS's shareholders for an initial public offering this year. The options deal dates back to Renk's February 2024 listing, four years after Triton bought the unit from Volkswagen. The shares soared 20% on their first trading day, have risen threefold since then, and outperformed all other European defence companies this year. Triton says KNDS failed to get Italian regulatory approval, which KNDS alleges it didn't need. The lawsuit at least gives time for the two parties to seek a compromise, via a higher price for the Renk shares – although maybe not the current market price. The gearbox maker said on Wednesday its revenue had jumped 14.7% year-on-year in the last quarter with order intake up 163.5%, but the share price only rose 0.5% on the news. The wild ride of defence stocks could be subsiding, as markets have digested and anticipated higher defence spending in Europe. Triton may find this is a good moment to sell, while it's not in KNDS's interest for a prolonged dispute. The group is the key architect of the 'tank of the future' being developed by France and Germany after years of haggling. Its governance is already odd, forcing a German family group and the former division of France's defence ministry to work together. KNDS is yet to confirm its listing plans. Yet based on the 3.8 billion euros of sales it booked in 2024, the company could fetch an enterprise value of up to 19 billion euros if based on the same revenue multiple as Renk – or 14 billion euros on the same metric as Hensoldt ( opens new tab, the German defence electronics firm. As such, 730 million euros of option winnings constitute a material swing factor. The tank maker could instead sell a stake to another industry player, as European authorities want more consolidation in the defence sector. Raising its holding in Renk to 25% would also offer the group another possibility: a reverse merger with its listed supplier that would remove the need for an IPO. Its current smallish Renk stake would however make that option less attractive for its owners. Another reason to cut a deal with Triton. Follow @pierrebri, opens new tab on X CONTEXT NEWS Germany's Renk, the maker of gearboxes for the Leopard 2 tanks sent to Ukraine, reported first-quarter revenue slightly below market expectations on May 14, but a growing pipeline of orders supported its growth. The company posted 273 million euros in sales in the first quarter, up 14.7% over the same quarter last year, a slight miss compared with the 279 million euros seen in a Vara consensus. Order intake increased by 163.5% to 549 million euros in the quarter, the group said.
Yahoo
15-05-2025
- Automotive
- Yahoo
Netherlands buys 46 Leopard tanks from KNDS for more than $1 billion
PARIS — The Netherlands signed a contract to buy 46 Leopard 2A8 main battle tanks from French-German defense firm KNDS for more than €1 billion (US$1.1 billion), following through on a plan to re-establish a heavy armor component for its land forces. The Dutch are buying the tanks from KNDS Deutschland through the framework contract established by Germany's Bundeswehr equipment office, with an option for an additional six tanks, according to statements from the Ministry of Defense and KNDS on Wednesday. The first tank will be handed over in 2028, with deliveries finalized in 2031, according to the Netherlands. 'With the current threat of large-scale conflict, the tank is an indispensable tool,' Dutch State Secretary for Defence Gijs Tuinman said. 'A force that, combined with smart tactics, is difficult to stop. The Leopard remains the king of the battlefield.' The Dutch disbanded their last tank battalions in 2011 during an era of defense cuts, selling their remaining Leopard 2A6 tanks to Finland in 2014. The Netherlands have been leasing 2A6 tanks from Germany since 2015, providing one of the four companies in the mixed German-Dutch 414 Tank Battalion based at Germany's Bergen-Hohne military training area. The new fully Dutch battalion will remain based at Bergen-Hohne, where the Dutch says there is enough space for realistic training, something that is lacking in the Netherlands, one of Europe's most densely populated countries. The Leopard 2 is used by 15 European countries, according to KNDS. The Netherlands said the fact that other countries such as Lithuania, Norway and Sweden have ordered the Leopard makes international cooperation easier. The Leopard is 'the best tank available,' Tuinman said, describing the tracked vehicle as 'pure combat power,' with advanced systems and sensors creating a unit with 'formidable firepower.' The 2A8 features significant improvements compared to the version operated previously by the Dutch, with an improved barrel, better protection against improvised explosive devices, superior sensors, active protection and an upgraded transmission, according to the ministry. The 2A8 version of the Leopard will be fitted with an active protection system, the MoD said, without providing details. In Germany's case, that's the EuroTrophy system developed by Israel's Rafael Advanced Defense Systems and designed as a hard-kill measure against anti-tank missiles. The Dutch plan to include an unmanned component in the future tank battalion, which will still have about 500 troops, according to the ministry. The Netherlands will decide in 2027 whether to exercise the option for an additional six tanks. The total budget, including spare parts, specialized tools, factory training and documentation amounts to between €1 billion and €2.5 billion, the Dutch MoD said. The Netherlands is also buying four Leopard 2A8 driver training vehicles. The Netherlands had announced its tank-buying plans in September, as part of increased defense spending, providing details on the future tank fleet the next month. The country increased its 2025 defense budget to €22 billion from €21.4 billion last year, with plans to go to around €24 billion a year. The Netherlands also signed a contract for Saab's Carl Gustav M4 anti-tank weapon, with first deliveries planned by the end of this year and continuing through to 2028. The M4 will replace the Panzerfaust-3 in service with the Dutch forces, which the MoD says has a maximum range of 600 meters and has become obsolete.
Reuters
14-05-2025
- Automotive
- Reuters
Netherlands agrees to buy at least 46 Leopard 2A8 tanks from KNDS
AMSTERDAM, May 14 (Reuters) - The Dutch government said on Wednesday it had signed an agreement to buy at least 46 Leopard 2A8 tanks from German-French arms maker KNDS as the Netherlands builds a tank unit for the first time in over a decade. The tanks will be delivered between 2028 and 2031 and form part of a push by the Dutch to increase military spending in order to comply with the NATO target of spending at least 2% of GDP on defence. The new tank battalion, which could be expanded with another six tanks, will be stationed in Germany and include around 500 soldiers, the government said in a statement.
