# UK regulators approve Rheinmetall-BAE military vehicle JV

The UK Competition and Markets Authority approved the pending acquisition by Rheinmetall of BAE Systems Global Combat Systems business, allowing the two companies to form a military vehicle joint venture with Rheinmetall owning 55%.

- Type: Acquisition
- Announced: 2019-06-13
- Where: United Kingdom
- Status: announced
- Products: military vehicles
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Rheinmetall](https://endata.com/companies/2541.md) (acquirer)
- [BAE Systems](https://endata.com/companies/4538.md) (target)

## Sources

- [defensedaily.com](https://www.defensedaily.com/u-k-regulators-approve-rheinmetall-bae-military-vehicle-venture/business-financial/), 2019-06-13: "A United Kingdom regulatory agency on Thursday approved the pending acquisition by Germany’s Rheinmetall of BAE Systems Global Combat Systems business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.