Krauss-Maffei Wegmann to acquire 24.9% stake in Milrem Robotics
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Krauss-Maffei Wegmann to acquire 24.9% stake in Milrem Robotics

31 May 2021 (Last Updated May 31st, 2021 14:50)

The two companies will closely work on development of the European Center of Excellence for Military Robotics in Estonia.

Krauss-Maffei Wegmann to acquire 24.9% stake in Milrem Robotics
Krauss-Maffei Wegmann is a provider of battle tanks and combat systems. Credit: Michael Drummond from Pixabay.

Battle tanks and combat systems provider Krauss-Maffei Wegmann (KMW) has entered a strategic cooperation agreement, which enables it to acquire a stake of 24.9% in Milrem Robotics.

Post the completion of the 24.9% stake acquisition by KMW, Milrem Robotics will remain as an independent company.

The companies noted that they will closely cooperate towards the development of the European Center of Excellence for Military Robotics in Estonia, Europe.

Financial details and other aspects of the deal have not been disclosed by the companies.

Krauss-Maffei Wegmann is a member of the German-French defence technology group KNDS.

Milrem Robotics CEO Kuldar Väärsi said: “We intend to become the European centre of excellence for unmanned technology and robotics innovations.

“The partnership with KMW facilitates further innovations for future products and services, especially in the area of the teaming of manned and unmanned systems and sensor-to-shooter solutions.”

The partnership is aimed at combining the expertise of the two companies in developing solutions that meet the needs of future military missions that involve manned and unmanned systems interaction.

Krauss-Maffei Wegmann CFO Horst Rieder said: “KMW as the European market leader for land systems and Milrem Robotics as the European market leader for unmanned land systems are an excellent fit.

“Our collaboration gives us the opportunity to work on innovative and new solutions that will impact the future of the defence industry. In addition, further synergies are also expected from this cooperation in the context of KNDS.”

The main objective of the partnership on KMW’s part is to integrate advanced robotics systems into KMW’s technology systems.

Last month, Milrem Robotics announced the delivery of the first THeMIS unmanned ground vehicle (UGV) to its Australian homeland security specialist XTEK.