# Rheinmetall to acquire majority stake in Resonant Holdings

Rheinmetall signed an agreement to acquire a 51% stake in a newly formed joint venture with Resonant Holdings, a South African specialist in plant engineering for chemical applications. The joint venture, Rheinmetall Resonant South Africa, is expected to have annual sales potential of over EUR 100 million.

- Type: Acquisition
- Announced: 2024-08-02
- Where: South Africa
- Status: announced
- Products: plant engineering for chemical applications, propellant powder, explosives
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Rheinmetall Automotive](https://endata.com/companies/1095.md) (acquirer)
- [Resonant](https://endata.com/companies/61032.md) (target)

## Sources

- [rheinmetall.com](https://www.rheinmetall.com/en/media/news-watch/news/2024/08/2024-08-02-rheinmetall-expands-portfolio-through-joint-venture-in-south-africa), 2024-08-02: "Rheinmetall is to expand its plant engineering portfolio by acquiring a majority stake in the business of Resonant Holdings (Pty) Ltd."

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