We advised Milrem Robotics, the leading developer and manufacturer of military robotic land systems in Europe, on securing an investment from Krauss-Maffei Wegmann (KMW), the German systems house for main battle tanks and combat systems.
A beneficial partnership
As part of the investment, KMW will acquire a 24.9% shareholding in Milrem Robotics which will remain independent. Both parties will pursue strategic cooperation and will work closely together in the development of the European Center of Excellence for Military Robotics in Estonia. According to public information, turnover of Milrem Robotics is expected to reach EUR 9.4m in 2021.
“The partnership with KMW facilitates further innovations for future products and services, especially in the area of the teaming of manned and unmanned systems and sensor-to-shooter solutions,” emphasised Kuldar Väärsi, CEO of Milrem Robotics.
“KMW as the European market leader for land systems and Milrem Robotics as the European market leader for unmanned land systems are an excellent fit. Our collaboration gives us the opportunity to work on innovative and new solutions that will impact the future of the defence industry. In addition, further synergies are also expected from this cooperation in the context of KNDS,” says Horst Rieder, CFO of KMW.
Our services and client team
We are advising Milrem Robotics in all stages of the transaction, including support in legal due diligence, negotiating and preparing transaction documents and supporting in closing and post-closing matters.