KNDSKiebis Network and Data Systems (Berlin, Germany)
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The statement read, At Eurosatory 2016, the worlds largest international land defense and security exhibition, Nexter and KMW will be showcasing their product ranges under the joint KNDS banner on just one stand.
Stphane Mayer and Frank Haun, co-chief executives of KNDS said, We are glad to present our new step forward on the path to a strong European defense group through our new name and our common presence during Eurosatory.
To explore whether the KNDS 50-50 holding company will lead to closer ties between the French and German firms there are an initial five years.