# 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.

- Type: Acquisition
- Announced: 2023-08-01
- Where: Spain
- Value: $1.32B (1.20B EUR)
- Status: completed
- Products: artillery ammunition, mortar ammunition, medium-calibre ammunition
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Rheinmetall](https://endata.com/companies/2541.md) (acquirer)
- [Expal Systems S.A.U.](https://endata.com/companies/71798.md) (target)

## Sources

- [news.europawire.eu](https://news.europawire.eu/rheinmetall-completes-acquisition-of-expal-systems-expanding-ammunition-production-capacity/eu-press-release/2023/08/02/12/51/46/119735/), 2023-08-02: "Rheinmetall AG has completed its takeover of all shares in Expal Systems S.A.U. of Madrid."

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