Rheinmetall acquires Expal Systems for €1.2 billion

Rheinmetall has signed a contract to acquire Expal Systems S.A., a Spanish ammunition maker, from MaxamCorp. for an enterprise value of €1.2 billion. Closing is expected in summer 2023, subject to regulatory approval.

“In making this acquisition, the Düsseldorf-based technology enterprise is seeking to bolster its core weapon, ammunition and propellant business in a sustained way.”edrmagazine.eu

• 2 sources
• edrmagazine.eu► Rheinmetall takes over Spain’s Expal Systems S.A. - Move brings the Group new ammunition production capacity - EDR MagazinePaolo ValpoliniNov 14, 2022
• asdnews.comRheinmetall Takes Over Spain's Expal Systems SANov 14, 2022

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