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Rheinmetall Waffe Munition GmbH has acquired a 51% stake in the newly founded joint venture Rheinmetall Resonant South Africa, which takes over assets of Resonant Holding. The subsidiary specializes in plant engineering for chemical applications, including production facilities for propellants and explosives.
“With the establishment of the new subsidiary, Rheinmetall is further expanding its range of services to create additional production capacity.”defenceweb.co.za
Summarized from public sources; check the original articles before acting on it.