The remaining 49% of the newly formed company is held by the existing shareholders of Resonant Holding. Rheinmetall Resonant South Africa (Pty) Ltd has assumed nearly all of the assets of Resonant Holding and its subsidiaries.
The company anticipates a sales potential exceeding €100 million per year. Details of the purchase price have not been disclosed, as agreed by the parties involved.
With this move, Rheinmetall is expanding its service portfolio and increasing its production capacity in response to rising global demand for ammunition. The Group stated that this strategic step enhances its capability for independent planning, construction, and operation of production facilities for chemical precursors such as propellants and explosives.
Rheinmetall Resonant South Africa (Pty) Ltd currently employs around 150 people. The company brings extensive expertise in the design and construction of specialised facilities for chemical and explosive products.
The joint venture strengthens Rheinmetall’s plant engineering segment, especially in the areas of chemical, energy and explosives technology, industrialisation, and manufacturing. “Resonant thus complements Rheinmetall’s plant engineering business,” the company said in its announcement.
