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Two European Military Manufacturers Complete Association

Rich Abott By
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Two European Military Manufacturers Complete Association

Krauss-Maffei Wegmann (KMW) and Nexter Systems, European manufacturers of military land systems based in Germany and France, respectively, will now operate jointly under an umbrella holding company, the companies said Tuesday.The holding company was established under Dutch law and is headquartered in Amsterdam. Sole shareholders of each company transferred all their shares to the holding company in the legal form of a Naamloze Vennootschap (N.V. or nameless venture). In an N.V. the shareholders of a public venture stay anonymous while…

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