Both parties agreed not to disclose the purchase price. With this acquisition, Rheinmetall intends to establish a German systems house for the development and manufacture of modern navy and coastguard vessels, as well as maritime autonomous surface systems.
The company stated that the move expands its portfolio in the maritime domain and strengthens its role as a comprehensive supplier of defence technology in Germany and Europe. The acquisition is described as a significant strategic step in consolidating Rheinmetall’s cross-domain capabilities.
Armin Papperger, CEO of Rheinmetall AG, said: “We are happy about the successful finalisation of the transaction”. Referring to the earlier announcement of the plans, he had stated: “In future, Rheinmetall will be a relevant player on land, on water, in the air and in space and is thus developing into a cross-domain system house. In combining the expertise of Rheinmetall and NVL, we will be creating a powerful full-range supplier for state-of-the-art surface vessels. This will generate mutual growth and thus secure a strong position for our corporation’s position in the maritime sphere. At the same time, we are making a substantial contribution to empower the naval defence capabilities of Germany and its NATO allies”.
Rheinmetall noted that the current conflict situation highlights the growing importance of military enforcement capabilities in the naval sector. The company intends to address increasing demand from naval forces and rising procurement budgets with high-performance system solutions featuring modern digital infrastructure, covering platforms, electronics, sensors and effectors.
