The German-French concern KNDS has officially confirmed its intention to conduct an initial public offering in 2026. The company plans a dual listing on the Paris and Frankfurt stock exchanges, which will significantly expand access to capital amid record demand for defense products in Europe. This is reported by DPA, writes UNN.
Details
KNDS, formed ten years ago by the merger of Germany's Krauss-Maffei Wegmann and France's Nexter, is a key player in the arms market. In particular, the company produces Leopard 2 main battle tanks, which are currently actively used by the Ukrainian Defense Forces in the war against the Russian invaders.
The manufacturer plans to use the raised funds for strategic development:
- expansion of production capacities;
- introduction of new military technologies;
- financing of innovative defense projects.
The decision to go public was a logical step after lengthy discussions in financial circles. The impetus for this was the rapid growth of orders for military equipment throughout the European Union, which requires the company to quickly scale up production.