M&A Deal Summary

Rheinmetall Acquires Provectus Robotics Solutions

On July 26, 2019, Rheinmetall acquired technology hardware company Provectus Robotics Solutions

Acquisition Highlights
  • This is Rheinmetall’s 1st transaction in the Technology Hardware sector.
  • This is Rheinmetall’s 1st transaction in Canada.
  • This is Rheinmetall’s 1st transaction in Ontario.

M&A Deal Summary
Date 2019-07-26
Target Provectus Robotics Solutions
Sector Technology Hardware
Buyer(s) Rheinmetall
Deal Type Add-on Acquisition

Target

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.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Rheinmetall

Dusseldorf, Germany
Category Company
Founded 1889
Sector Machinery
Employees25,344
Revenue 7.2B EUR (2023)
DESCRIPTION

Rheinmetall is an automotive components and defense 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 2 of 4
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1990-01-01 Maschinenbau Kiel-Military Vehicles

Kiel, Germany

Maschinenbau Kiel designs and manufactures military vehicles.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-14 Expal Systems

Madrid, Spain

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.

Buy €1.2B
Mergr

Product

Company

Legal