# Nexter x KMW (KNDS Joint Venture): partnership

Canonical ID: `b95f936d-2615-4520-a671-97d1de59415b`

French land arms specialist Nexter and German Krauss-Maffei Wegmann signed a 50-50 partnership agreement to form KNDS a Franco-German defense technology group with over 6000 employees and annual turnover close to EUR 2 billion. The alliance strengthens European defense competitiveness and international positioning.

- **Type:** joint venture
- **Status:** active
- **Verification posture:** verified

## Parties (2)

- Krauss-Maffei Wegmann _(off-registry)_ co developer
- [Nexter Systems](https://registry.deploy.report/companies/nexter.md) co developer

## Timeline

- **Announced:** 2015-07-29

## Sources (1)

1. https://www.defensenews.com/breaking-news/2015/07/29/nexter-kmw-seal-deal-to-forge-joint-venture/


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