Germany & France Governments Agree to Become Equal 40% Stake Each in Netherlands-Based Europe $23 Billion Military Defence Company KNDS at IPO to Match France Government 40% Stake, KNDS Plans Dual Listing IPO (Paris & Frankfurt) in 2026 July at $23 Billion (€20 Billion) Valuation, Formed in 2015 with Merger of Germany Krauss-Maffei Wegmann (KMW) & France State-Owned Nexter Systems
23rd June 2026 | Hong Kong
Germany & France governments have agreed to become equal 40% stake each in Netherlands-based Europe military defence company KNDS ($23 billion planned IPO valuation) to match France government stake in KNDS, which is planning for a dual listing IPO (Paris & Frankfurt) in 2026 July at $23 billion (€20 billion) valuation. In 2026 May, Germany government will be buying a 40% stake in Netherlands-based KNDS at IPO to match France government stake in KNDS. Both Germany & France governments will reduce their respective stakes to 30% each over next 3 years post-IPO. In 2025 December, Netherlands-based Europe military defence company KNDS was planning for a dual listing IPO (Paris & Frankfurt) in 2026 at $23 billion (€20 billion) valuation. KNDS was formed in 2015 with the merger of Germany Krauss-Maffei Wegmann (KMW) & France state-owned Nexter Systems. KNDS – KNDS is the result of the association of Krauss-Maffei Wegmann and Nexter, two of the leading European manufacturers of military land systems based in Germany and France. KNDS forms a Group of around 9,500 employees, with a 2023 turnover of 3.3 billion euro, an order backlog of around 16 billion euro and incoming orders of 7.8 billion euro. The range of its products in KNDS (KMW+NEXTER Defense Systems) is the result of the association of Krauss-Maffei Wegmann and Nexter, two of the leading European manufacturers of military land systems based in Germany and France.
“ Germany & France Governments Agree to Become Equal 40% Stake Each in Netherlands-Based Europe $23 Billion Military Defence Company KNDS at IPO to Match France Government 40% Stake, KNDS Plans Dual Listing IPO (Paris & Frankfurt) in 2026 July at $23 Billion (€20 Billion) Valuation, Formed in 2015 with Merger of Germany Krauss-Maffei Wegmann (KMW) & France State-Owned Nexter Systems “
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Germany Government to Buy 40% Stake in Netherlands-Based Europe $23 Billion Military Defence Company KNDS at IPO to Match France Government Stake, Both Germany & France Governments to Reduce Their Respective Stakes to 30% Each Over Next 3 Years Post-IPO, KNDS Plans Dual Listing IPO (Paris & Frankfurt) in 2026 at $23 Billion (€20 Billion) Valuation, Formed in 2015 with Merger of Germany Krauss-Maffei Wegmann (KMW) & France State-Owned Nexter Systems
22nd May 2026 – Germany government will be buying a 40% stake in Netherlands-based Europe military defence company KNDS ($23 billion planned IPO valuation) at IPO to match France government stake in KNDS. Both Germany & France governments will reduce their respective stakes to 30% each over next 3 years post-IPO. In 2025 December, Netherlands-based Europe military defence company KNDS was planning for a dual listing IPO (Paris & Frankfurt) in 2026 at $23 billion (€20 billion) valuation. KNDS was formed in 2015 with the merger of Germany Krauss-Maffei Wegmann (KMW) & France state-owned Nexter Systems. KNDS – KNDS is the result of the association of Krauss-Maffei Wegmann and Nexter, two of the leading European manufacturers of military land systems based in Germany and France. KNDS forms a Group of around 9,500 employees, with a 2023 turnover of 3.3 billion euro, an order backlog of around 16 billion euro and incoming orders of 7.8 billion euro. The range of its products in KNDS (KMW+NEXTER Defense Systems) is the result of the association of Krauss-Maffei Wegmann and Nexter, two of the leading European manufacturers of military land systems based in Germany and France.
Netherlands-Based Europe Military Defence Company KNDS Plans Dual Listing IPO (Paris & Frankfurt) in 2026 at $23 Billion (€20 Billion) Valuation, Formed in 2015 with Merger of Germany Krauss-Maffei Wegmann (KMW) & France State-Owned Nexter Systems
18th December – Netherlands-based Europe military defence company KNDS is planning for a dual listing IPO (Paris & Frankfurt) in 2026 at $23 billion (€20 billion) valuation. KNDS was formed in 2015 with the merger of Germany Krauss-Maffei Wegmann (KMW) & France state-owned Nexter Systems. KNDS – KNDS is the result of the association of Krauss-Maffei Wegmann and Nexter, two of the leading European manufacturers of military land systems based in Germany and France. KNDS forms a Group of around 9,500 employees, with a 2023 turnover of 3.3 billion euro, an order backlog of around 16 billion euro and incoming orders of 7.8 billion euro. The range of its products in KNDS (KMW+NEXTER Defense Systems) is the result of the association of Krauss-Maffei Wegmann and Nexter, two of the leading European manufacturers of military land systems based in Germany and France.
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