Rheinmetall completes acquisition of Expal Systems for €1.2 billion

Rheinmetall AG has completed its acquisition of Expal Systems S.A.U., a Spanish ammunition and armament manufacturer, for about €1.2 billion. The acquisition expands Rheinmetall's ammunition production capacity for artillery, mortar, and medium-calibre ammunition, and includes multiple plants in Spain and a demilitarization business in the US.

“Rheinmetall AG has completed its takeover of all shares in Expal Systems S.A.U. of Madrid.”news.europawire.eu

• 1 source
• news.europawire.euRheinmetall Completes Acquisition of Expal Systems, Expanding Ammunition Production Capacity | EuropaWireEuropaWire PR EditorAug 2, 2023

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