Paris – The French unit of KNDS and Texelis have signed an outline agreement on the acquisition of the builder of powertrains for armored vehicles by the manufacturer of land weapons, KNDS said in a Jan. 29 statement.
“On January 29, 2025, KNDS and the shareholders of Texelis signed a Memorandum of Understanding (MOU) concerning the proposed acquisition by KNDS France of Texelis’ Defense business,” KNDS said in the statement.
“Under this agreement, the two parties announce that they are entering into exclusive negotiations with a view to carrying out this transaction, which will require the separation of Texelis into two companies – Texelis Défense and Texelis Transport,” the company said.
KNDS France and KNDS Deutschland are the partners of the Franco-German KNDS group which builds heavy tanks and artillery. The former previously traded as Nexter, while the latter was known as Krauss-Maffei Wegmann.
