M&A Deal Summary

Rheinmetall Acquires Expal Systems

On November 14, 2022, Rheinmetall acquired defense company Expal Systems from Maxam for 1.2B EUR

Acquisition Highlights
  • This is Rheinmetall’s 1st transaction in the Defense sector.
  • This is Rheinmetall’s 0th largest (disclosed) transaction.
  • This is Rheinmetall’s 1st transaction in Spain.

M&A Deal Summary
Date 2022-11-14
Target Expal Systems
Sector Defense
Buyer(s) Rheinmetall
Sellers(s) Maxam
Deal Type Divestiture
Deal Value 1.2B EUR

Target

Expal Systems

Madrid, Spain
website
Expal Systems develops, manufactures, integrates and maintains products, systems, and services for the defense and security sectors; weapon systems, munitions and energetic products; applications and technological systems; maintenance services, modernization and integrated logistics support for military vehicles and aircraft systems; as well as demilitarization and EOD services.

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Buyer(S) 1

Buyer

Rheinmetall

Dusseldorf, Germany

website

Category Company
Founded 1889
Sector Machinery
Employees23,758
Revenue 5.7B EUR (2021)
DESCRIPTION

Rheinmetall an automotive components and defence equipment. The Rheinmetall Group´s Defence sector is Europe’s foremost supplier of army technology and a longstanding partner of the armed forces. The Automotive sector with KSPG AG commands a foremost position as a global first-tier supplier to the automotive industry for modules and systems. Rheinmetall was founded in 1889 and is based in Dusseldorf, Germany.

DEAL STATS #
Overall 3 of 4
Sector (Defense) 1 of 1
Type (Divestiture) 2 of 2
Country (Spain) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-26 Provectus Robotics Solutions

Ottawa, Ontario, Canada

Provectus Robotics Solutions is a developer of robotic applications for the private and public security sector as well as military and government agencies. The Provectus software package enables key robotic capabilities, permitting the transformation of virtually any ground vehicle into an extremely versatile mobile robotic platform featuring autonomous driving functions. Unmanned ground vehicles from Provectus have been used in a variety of applications, including to secure territory, in bomb disposal operations, crowd monitoring/crowd control, and in space research.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-12 blackned

Heimertingen, Germany

blackned is a specialist in mission-critical communications systems and has developed next-generation information and communications middleware called TacticalCore. blackned was founded in 2009 and is based in Heimertingen, Germany.

Buy -

Seller(S) 1

SELLER

Maxam

Madrid, Spain

website

Category Company
Founded 1872
Sector Chemicals
Employees6,000
DESCRIPTION

Maxam specializes in the design, development, manufacture, and application of energetic materials. It structures its activity into four business units: blasting solutions for mining, quarries, and civil works; cartridges and gun powders for use in hunting and recreational shooting; products and systems for the defense and security sector; and key raw materials for the nitro chemical industry. Maxam was founded in 1872 and is based in Madrid, Spain.

DEAL STATS #
Overall 1 of 1
Sector (Defense) 1 of 1
Type (Divestiture) 1 of 1
Country (Spain) 1 of 1
Year (2022) 1 of 1
Mergr

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