Rheinmetall AG has completed its takeover of all shares in Expal Systems S.A.U. of Madrid.
First announced last November, the acquisition follows final approval by the relevant authorities.
The transfer of Expal S.A.U.’s business activities to Rheinmetall took place on 1 August 2023.
Rheinmetall thus continues to expand its position as an important supplier for NATO armed forces, systematically increasing its production capacity especially for artillery, mortar, and medium-calibre ammunition.
The purchase price for the takeover of Expal Systems S.A.U., a world-renowned ammunition and armament manufacturer, is about €1.2 billion.
Moving forward, the company will operate under the name “Rheinmetall Expal Munitions, S.A.U.”.
The acquisition provides Rheinmetall with swift access to greater production capacity, covering the entire ammunition production value-added chain, with multiple plants in Spain and a demilitarization and soil remediation business in the United States.
In acquiring Expal, Rheinmetall aims to secure and strengthen its core business in weapons, ammunition and propellants.
The current Expal Systems product portfolio encompasses artillery ammunition, mortar and medium-calibre rounds as well as fuses and rocket propulsion systems.
In many cases, Expal’s ammunition are “full shot” products, from propellant to fuse.
Due to partly complementary product ranges, the acquisition significantly strengthens Rheinmetall’s existing product portfolio.
The acquisition places the company in a favourable position to respond to complex new ammunition procurement requirements.
Enhancing its direct access to this important market, the acquisition expands Rheinmetall’s footprint in Spain.
Further. Rheinmetall Expal Munitions will continue to serve the Spanish armed forces as a preferential and key partner, offering its products, technology and industrial capabilities.
