Rheinmetall to acquire ammunition maker Expal Systems for €1.2bn
Germany’s Rheinmetall has agreed to acquire Spain-based ammunition maker Expal Systems from MaxamCorp. Holding for an enterprise value of €1.2 billion. The acquisition is expected to help the Düsseldorf-based technology firm to expand its presence in Spain. The buyout is anticipated to strengthen Rheinmetall’s key ammunition, weapon, and propellant business following increased capacity in spare […]