KMW and Nexter announce their intention to merge – Steen Associates is acting as exclusive financial adviser to KMW

FRANKFURT AM MAIN | WEDNESDAY 2 JULY 2014
Krauss-Maffei Wegmann GmbH & Co. KG ("KMW") of Germany and Nexter Systems SA ("Nexter") of France, two leading European defence companies, are announcing today that they plan to merge. An agreement in principle was signed in Paris yesterday by the two companies and their shareholders, the privately-held Wegmann GmbH & Co. and the French state-owned GIAT Industries. The combined group will have revenue of approx. €2bn, an order book of approx. €6.5bn, and more than 6,000 employees.

The transaction is expected to be finalised in early 2015 and will be the largest transaction in the European defence industry for many years. Joerg Freimund, who is leading the transaction for Steen Associates, said, "This is an example of French and German cooperation in this sector as well as a major step forward in the consolidation of Europe's defence industrial supply base."

Steen Associates is the exclusive financial adviser to KMW on this transaction.

About Steen Associates

Steen Associates Ltd., founded in 2005 and present in Germany since 2011, acts as trusted adviser for public and private companies operating in the general industries and the aerospace & defence sector. With offices in London and Frankfurt, Steen Associate’s European Advisory’s business designs and executes strategic M&A and financing solutions. It combines the breadth of its advisory offering with industry specific insights to achieve a unique understanding and perspective into markets and participants globally.

Steen Associates London office

Old Sessions House



22 Clerkenwell Green

London EC1R 0NA



United Kingdom

Steen Associates Frankfurt am Main office

Brentanostraße 6

60325 Frankfurt



Germany

Contact Details
Joerg Freimund
Partner

Steen Associates

Frankfurt am Main

Contact

mail@steenassociates.com

+44 20 7405 5040

Jason Steen
Partner

Steen Associates

Frankfurt am Main

Contact

mail@steenassociates.com

+49 69 770 1992 00

Steen Associates Limited is authorised and regulated by the Financial Conduct Authority.
© Copyright Steen Associates. All rights reserved.

Steen Associates Limited is authorised and regulated by the Financial Conduct Authority.
© Copyright Steen Associates. All rights reserved.

Steen Associates Limited is authorised and regulated by the Financial Conduct Authority.
© Copyright Steen Associates. All rights reserved.